BOSTON Three bidders who fell short in their attempts to purchase The Boston Globe say they offered more than Boston Red Sox owner John Henry’s winning $70 million bid.
Springfield television station owner John Gormally, West Coast investment executive Robert Loring and U-T San Diego chief executive John Lynch all say their groups’ bids bested Henry’s.
Lynch wonders how shareholders of the seller, The New York Times Company, would react after learning a lower offer was accepted.
He and Gormally are also criticizing the bidding process. Gormally says he was kept in the dark for a week after the bid deadline until learning Henry was chosen via email.
A Times Company spokeswoman says Henry’s bid was selected after a “full and active sales process” and Henry was the best choice for shareholders.