Lee Enterprises Enacts Poison Pill to Guard Against Alden Takeover

lee enterprises enacts poison pill to guard against alden takeover

Sumary of Lee Enterprises Enacts Poison Pill to Guard Against Alden Takeover:

  • Lee Enterprises Inc. said its board has approved a shareholder rights plan, also known as a poison pill, that would prevent hedge fund Alden Global Capital LLC from acquiring more than 10% of the company as it considers Alden’s hostile bid for the newspaper publisher.

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