Lee Enterprises directors reelected despite hedge fund fight
Associated Press: Three directors at newspaper publisher Lee Enterprises were reelected Thursday over the objections of a hedge fund that has been trying t
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Associated Press: Three directors at newspaper publisher Lee Enterprises were reelected Thursday over the objections of a hedge fund that has been trying t
Associated Press: Three directors at newspaper publisher Lee Enterprises were reelected Thursday over the objections of a hedge fund that has been trying t
Shareholders of the Herald & Review's parent company on Thursday reelected three directors despite attempts by hedge fund Alden Global Capital to install its own.
Shareholders for Lee Enterprises, owner of the St. Louis Post-Dispatch and 23 other papers in the Midwest, re-elected three directors on Thursday. That news could complicate any future takeover bid by Alden Global Capital.
Alden Global Capital, a New York hedge fund with a record of slashing staff and coverage at its newspapers, has been seeking to acquire Lee.