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Corporate & Securities Law

: Business Law Prof Blog

ESOP Employees Sue Zell in Tribune Takeover

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Sam Zell bought the Tribune Company using a fancy ESOP plan structure. The employees of the company technically own the company but cannot vote for the board and cannot sell their shares. Zell, with a cash payment and an option,...

Full post as published by Business Law Prof Blog on September 17, 2008 (boomark / email).

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