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Employees at the Baltimore Sun and other Times Minor Co. properties stand to profit nicely when the pending $5.9 billion acquisition by the Chicago-based Tribune Co. is complete.
The potential profit stems from stock options that soon-to-be-purchased Times Mirror issued to its employees in lots of 100 each year since 1996, making it possible for some Times Minor workers to have amassed at least 500 stock options in the company since 1996.
With Times Mirror about to be absorbed by Tribune for $95 per share, holders of the stock options stand to gain as much as $21,734 apiece when the deal is completed, according to a Baltimore Sun writer who declined to be …