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Lee Enterprises, Incorporated (NASDAQ: LEE) (“Lee” or the “Company”) today commented on the purported notice submitted by Alden Global Capital, LLC (together with its affiliates, “Alden”) seeking to nominate three candidates to stand for electio...
Alden Global nominated three directors for Lee Enterprises' (NASDAQ:LEE) board after the newspaper published rejected a $24/share offer from the hedge fund earlier this week. Alden cited Lee's decision to institute a poison pill this week as one of the reason's for the board nominations, acco...
Lee Enterprises is a local news provider in close to 77 markets across 26 states in the US. In my view, as management converts the company into a digital player, revenue would trend north to double digits. iIn the last five years, the free cash flow was close to $60-$78 million. W...
Lee Enterprises (NASDAQ:LEE), which owns newspapers such as the Winston-Salem Journal and the Richmond Times-Dispatch, said its board adopted a limited-duration shareholder rights plan after an unsolicited $24/share buyout offer from hedge fund Alden Global. Under the rights plan, LEE is...
Board Takes Action in Response to Alden’s Unsolicited Proposal to Acquire Lee Board Committed to Protecting Long-Term Value for All Shareholders Lee Enterprises, Incorporated (NASDAQ: LEE), today announced that its Board of Directors has unanimously ad...
Shareholders advised to take no action pending Board review Lee Enterprises Inc. (NASDAQ:LEE) today confirmed that it has received an unsolicited non-binding proposal from Alden Global Capital, LLC (“Alden”) to purchase Lee Enterprises for $24.00 per share in c...
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Lee Enterprises (NASDAQ:LEE) jumped 18% on a report that Alden Global has offered $24/share in share for the newspaper and media company. Alden Global is said to offered $24/share in cash, according to traders, who cited a Bloomberg report. Developing story ... For further details see:...
Because the major stock market indexes have been rallying on better-than-expected jobs data and the Fed’s announcement that it will commence tapering its bond-buying based on its confidence in the economic recovery, many large-cap stocks are trading at lofty valuations. But since conce...
A fifth straight weekly drop in jobless claims and the Fed’s confidence in the economy’s ability to handle certain recurring issues have driven the major stock indexes lately. Given this backdrop, we think it could be wise to bet on Lee Enterprises (LEE), Educational Development...
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DAVENPORT, Iowa, July 18, 2024 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NASDAQ: LEE), a major subscription and advertising platform and a leading provider of high quality, trusted, local news and information in 73 markets, has scheduled an audio webcast and conference call for Thursday,...
DAVENPORT, Iowa, July 18, 2024 (GLOBE NEWSWIRE) -- Madeline McIntosh and Jon Miller, pioneering media executives with extensive accomplishments in digital technology, consumer marketing and business transformations, have joined the board of directors of Lee Enterprises, Incorporated (NASDAQ:LEE)....
2024-07-12 20:40:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...