Knight Ridder’s bid presentations are happening today, and three groups have emerged, this story says.
– First is Thomas H. Lee Partners LP, Bain Capital LLC, Texas Pacific Group and Hellman & Friedman LLC for a joint bid.
– Another group is Blackstone Group LP, Providence Equity Partners Inc. and Kohlberg Kravis Roberts & Co.
– Madison Dearborn Partners LLC and middle-market firm Vestar Capital Partners are considering a bid.
The publisher has a market capitalization of about $4.2 billion.
FT: Bidders for Knight Ridder are expected to include Gannett and McClatchy.
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