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BRIEF-tronc says entered into a purchase agreement with investment funds associated with Oaktree Capital Management

March 24 tronc Inc

* Tronc inc - on march 23, tronc, inc. Entered into a purchase agreement with investment funds associated with oaktree capital management, l.p.

* Tronc - pursuant to purchase agreement co agreed to repurchase an 3.7 million shares of co's common stock from oaktree at price of $15.00per share - sec filing

* Tronc inc - on march 23, 2017, company entered into amendment no. 1 to that certain securities purchase agreement

* Tronc - amendment increases maximum percentage of co's shares of common stock that merrick media, llc and its affiliates may acquire from 25% to 30% Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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