Lee Enterprises dodged a hostile takeover by Alden, but they are planning hundreds of job cuts to right-size their operations.
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hostile takeover
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Alden Global Capital loses its second lawsuit against Lee Enterprises in two weeks in its hostile takeover attempt.
Alden Global Capital is taking Lee Enterprises to court, demaning that its three board nominees be considered. Hostile takeover, anyone?
Lee Enterprises rejects hedge fund Alden Global Capital’s attempt to nominate directors to the board.
Hedge fund Alden Global Capital has made an unsolicited cash offer to buy Lee Enterprises.
In December, Alden Global Capital made a preliminary proposal to buy Tribune Publishing for $520 million and take the company private.
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