Lee Enterprises (LEE) Adopts Limited-Duration Shareholder Rights Plan
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Lee Enterprises Adopts Limited-Duration Shareholder Rights Plan
November 24, 2021 4:15 PM ESTBoard Takes Action in Response to Aldens Unsolicited Proposal to Acquire Lee
Board Committed to Protecting Long-Term Value for All Shareholders
DAVENPORT, Iowa--(BUSINESS WIRE)-- Lee Enterprises, Incorporated (NASDAQ: LEE), today announced that its Board of Directors has unanimously adopted a limited-duration shareholder rights plan (Rights Plan). The Rights Plan is effective immediately.
The limited-duration Rights Plan was adopted in response to an unsolicited and non-binding proposal to acquire the Company made by Alden Global Capital, LLC (Alden) on November 22, 2021. In... More
