4. Describe the private component of the takeover process of the $4.57 billion merger between McClatchy (acquirer) and Knight Ridder (target), announced on June 13, 2006.

(Note: As a starting point, download the S-4 filing associated with the merger agreement from the SEC Web site [www.sec.gov]. Then, use the merger background section of that filing to describe the procedure. The date of the filing is April 14, 2006.)