Critic: Ferro pushed Tronc to buy personal investment

Michael Ferro, chairman of newspaper publisher Tronc, tried to get the company to buy his personal stake in a medical stock at a price above the market value, according to an attorney for dissident director Patrick Soon-Shiong. Ferro, whose group is Tronc’s largest stockholder, called Soon-Shiong a few weeks ago and asked the Los Angeles biotech billionaire to back his effort to sell the NantHealth shares to the newspaper company at their initial public offering price of $14 each, Soon-Shiong’s ...

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