Lee Enterprises rejects takeover bid from Alden hedge fund durangoherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from durangoherald.com Daily Mail and Mail on Sunday newspapers.
Newspaper publisher Lee Enterprises has rejected a takeover offer from the Alden Global Capital hedge fund that is one of the largest newspaper owners in the country with a reputation for intense cost cuts and layoffs
Lee Chairman Mary Junck said Alden Global Capital s $24-per-share offer grossly undervalued Lee and failed to recognize the strength of its business, especially its fast-growing digital news platform.
Lee Enterprises rejects hedge fund takeover bid thegazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thegazette.com Daily Mail and Mail on Sunday newspapers.