The pressure on Tribune's controlling shareholder, Chicago - based entrepreneur Michael Ferro, increased after the company's second - largest shareholder — investment fund Oaktree Capital Management — sent a letter to the company's board advising it to «engage Gannett immediately» about the takeover bid, calling it «the only possible conclusion consistent with your fiduciary duty.» (fortune.com)
We dispute that: the CMA took the only possible conclusion in line with its remit. (businessinsider.com)
We expect you to carry out the fiduciary duty that you owe to all shareholders, and believe that the only possible conclusion consistent with your fiduciary duty is to engage with Gannett with the objective of maximizing value to all Tribune shareholders.» (politico.com)