PE Firm Wayzata Takes Majority Stake In Star Tribune

Law360, New York (August 3, 2012, 7:04 PM EDT) -- Shareholders of troubled Star Tribune Co., which publishes the Minneapolis newspaper of the same name, have agreed to a $4.1 million deal that will make private equity firm Wayzata Investment Partners the majority owner of the company, the paper said Friday.

The newspaper said that Wayzata Investment would increase its minority interest of 49.8 percent to a 58.2 percent stake, making the alternative investment firm the first majority owner the Star Tribune has had since it emerged from bankruptcy in 2009.

Wayzata Investment will buy 128,951...
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