Lee Enterprises Rejects Alden Hedge Fund’s Attempt to Buy Local Newspapers

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The board of Lee Enterprises said Thursday that it had unanimously rejected hedge fund Alden Global Capital’s unsolicited offer to purchase the company, saying the proposal lowballs Lee’s true value […]

“The board of Lee Enterprises said Thursday that it had unanimously rejected hedge fund Alden Global Capital’s unsolicited offer to purchase the company, saying the proposal lowballs Lee’s true value […]”
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