Iowa’s Lee Enterprises seeks assist to combat Alden’s takeover bid

Newspaper writer Lee Enterprises is asking its shareholders to assist it combat off a hostile takeover provide from “vulture hedge fund” Alden World Capital.

The writer of the St. Louis Publish-Dispatch, the Buffalo Information and dozens of different newspapers, together with practically each every day newspaper in Nebraska, despatched a letter to shareholders Monday asking them to help its board nominees within the dispute with Alden. Lee, which is predicated in Davenport, already rejected Alden’s $24 per share provide as a result of it mentioned the $141 million bid grossly undervalues Lee, however the two sides are locked in a

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