Zell firm's point man is believer in paper profits
ZELL FIRM'S POINT MAN IS BELIEVER IN PAPER PRODUCTS
[SOURCE: Los Angeles Times, AUTHOR: James Rainey]
A look at Bill Pate, a key player as the Chicago firm led by billionaire Sam Zell planned to take Tribune Co. private in an $8.2-billion deal. On Wednesday, Zell joined the board of Tribune, owner of the Los Angeles Times and the third-biggest U.S. newspaper chain by circulation. Pate is expected to join later this year. Pate, Zell and their colleagues at Equity Group Investments have been surprised by the attention the planned transaction has generated, considering that Equity Group has completed deals worth a whole lot more. On the other hand, none of those involved marquee holdings like The Times, the Chicago Tribune and the Chicago Cubs.
http://www.latimes.com/business/printedition/la-fi-madill10may10,1,57249...
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* Tribune CEO peppered with questions on Zell deal
http://chicagobusiness.com/cgi-bin/news.pl?id=24934
Zell firm's point man is believer in paper profits