Aaron Kushner, a Massachusetts businessman said that his investment group will bid to purchase the Boston Globe from the New York Times Co. telling that the newspaper is a feasible business.

His investment group is called 2100 Trust, which is planning to make the offer very soon. Kushner owns the Marian Health Greeting Cards business located at Wareham, Massachusetts.

John Boit, a spokesperson for the 2100 Trust group said that Kushner is still forming a group of investors; however, he declines to give financial details regarding the potential bid.

In a statement coming from the 2100 Trust, they believe that Boston Globe has been a pillar in the city for several years. The Boston Globe’s strongest days might just be ahead of them and one of the major investments that they will make is the newsroom.

Robert Christie, the New York Times spokesman refused to give his feedback regarding the potential offer, but he said that the newspaper finances are improving.

Christie said that the Boston Globe became an important aspect of The New York Times Company; it has already made excellent progresses and solid financial footing. This signals a strong future along with digital and print progress.

Boston’s advertising person, Jack Connors denied that he is not part of the new bidding effort done by the Massachusetts investment group. Connor had previously made a bid to buy the newspaper, but they were not successful. He was with retired General Electric CEO, Jack Welch, when they made the bid.

The New York Times shares rose up to 10 percent with a closing price of $7.63 on Wednesday.