Gannett Rejects Digital First Media’s Unsolicited Buyout Offer

On Monday, Gannett Co., Inc. (NYSE: GCI) announced that its board of directors had unanimously rejected an unsolicited $1.4 billion buyout offer from Digital
On Monday, Gannett Co., Inc. (NYSE: GCI) announced that its board of directors had unanimously rejected an unsolicited $1.4 billion buyout offer from Digital First Media, a hedge-fund-backed media company officially known as MNG Enterprises, Inc. Gannett, who owns USA Today, the Detroit Free Press and the IndyStar newspapers, among others, said Digital First's proposal to acquire the company and its assets for $12.00 per share was not credible, it undervalued the company, and the proposal was not in the best interests of the company or its shareholders....

Hello There!

This premium content is exclusively reserved for Subscription Insider members.

Want access to premium member-only content, plus conference discounts and other benefits? We deliver the information you need for improved decision-making, skills, and profitability.

Already subscribed? Log in below.

Up Next

Don’t miss the latest subscription news. Sign up for updates now!

Search this site

Upcoming events

Keep ahead of your competition

Register now for our weekly subscription news round-up

  • This field is for validation purposes and should be left unchanged.