CHICAGO (AP) - Days before a deadline for final bids for Tribune Company, speculation is increasing that a sale of the entire media conglomerate may not take place.
The outcome of the Chicago-based company's nearly four-month-old strategic review remained cloaked in uncertainty today, with a still-lagging stock price reflecting Wall Street's lack of anticipation that a deal is imminent.
Analysts said there's no outward sign Tribune is any closer to a deal to sell the company for a premium price than it was in November, when it extended the bidding deadline.
Tribune has said it was willing to sell all or part of its assets following pressure from some of its largest shareholders. But the company remained tightlipped about offers and would not even confirm the widely reported Wednesday bidding deadline.
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