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Alden sues Lee after news publisher rejects its takeover bid

The Alden Global Capital hedge fund stepped up its attempts to buy Lee Enterprises this week, filing a lawsuit that accuses its board of denying shareholders of the newspaper publisher a voice in the matter.

Alden sues Lee after news publisher rejects its takeover bid

The Alden Global Capital hedge fund stepped up its efforts to buy Lee Enterprises this week by filing a lawsuit against the newspaper publisher accusing Lee’s board of improperly denying shareholders the chance to have a say on its takeover offer

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