Using ESOPs as an Acquisition Tool

The current press coverage of Sam Zell's proposal to acquire The Tribune Companies indicates that he plans to use a leveraged employee stock ownership plan ("ESOP") to do the deal. While we don't yet know the specific details of the proposal, the broad outlines of the general structure...
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Attachment: http://www.lexisnexis.com/documents/pdf/20080124082701_large.pdf