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Monday, December 1, 2008

Cubs bidders down to 3

from Crain's Chicago Business (12/1):

Cubs bidders cut to 3
Dec. 01, 2008

"(Reuters) — At least three groups submitted offers to Tribune Co.on Monday, in the latest round of bidding for the Chicago Cubs baseball team, two sources familiar with the process said on Monday.

Groups led by Tom Ricketts, chief executive of Chicago investment bank Incapital LLC and the son of the founder of TD Ameritrade Holding Corp.; Marc Utay, a managing partner with New York-based private equity firm Clarion Capital Partners LLC; and Chicago real estate executive Hersh Klaff submitted the bids, said the sources, both of whom asked not to be identified because the bidding is still ongoing." ...

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