CHICAGO (AP) — An investment group led by a former Chicago alderman along with a coalition of labor unions is close to acquiring the Chicago Sun-Times.

The Sun-Times reports former Alderman Edwin Eisendrath said Wednesday a deal to acquire the newspaper is expected to be completed Thursday.

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Eisendrath has declined to disclose terms of the deal. He also says he doesn’t have permission to reveal all the members of his investment group.

Eisendrath came forward with a bid to buy the Sun-Times after owner Wrapports LLC announced it would enter into discussions with Tronc Inc., which owns the rival Chicago Tribune, to acquire the newspaper.

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Chicago-based Tronc announced in May its intent to acquire Wrapports.

A Tronc spokesman didn’t immediately return a phone call for comment.

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