Equity Manager Pushes For 11th-Hour Sun-Times Bid

Law360, New York (October 7, 2009, 6:16 PM EDT) -- Private equity manager Thane Ritchie on Wednesday met with the Chicago Newspaper Guild in an eleventh-hour effort to cobble together a competing bid for the bankrupt Sun-Times Media Group newspaper chain that Ritchie claims would be more union-friendly.

The meeting has the potential to spawn a competing bid for the debtors in the U.S. Bankruptcy Court for the District of Delaware, but a judge's order reopening the proceedings for competing bids would be required because the time frame for bids has ended.

According to bankruptcy court...
To view the full article, register now.