06-19-2009, 01:40 AM
Seems to me that Zell is just trying to up the ante and put pressure on the Ricketts to cave in and accept his terms. I don't think this stunt will work, because either A) Utay will fail to get enough cash and financing to close the deal, or B ) the banks/debt owners will force Zell out of the Trib altogether before any deal closes. B is looking more and more likely, and A is one of the reasons why Utay lost the bid in the first place, because he didn't have enough up-front cash that Zell wanted.