Alden appeals to traders over Lee buy plan

Hedge fund says present board ‘lacks the expertise and dedication’

Newspaper chain Lee Enterprises is asking its shareholders to assist it battle off a hostile takeover supply from Alden International Capital. Lee owns the Omaha World Herald, seen above. (Related Press)

The Alden International Capital hedge fund is sending its personal attraction to shareholders of newspaper writer Lee Enterprises as a part of its marketing campaign to accumulate the corporate.

The New York-based hedge fund, which already is among the nation’s largest newspaper house owners, urged Lee shareholders Thursday to help two new

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UAE suspends talks with US over buy of F-35 fighter jets

The United Arab Emirates has suspended talks with the US over its $23bn deal to purchase as much as 50 F-35 fighter jets and different weapons in an indication of friction within the Gulf state’s relations with Washington.

An Emirati official mentioned Abu Dhabi had knowledgeable the US that “technical necessities, sovereign operational restrictions and cost-benefit evaluation led to the reassessment”.

The sale of the F-35s was initially agreed final yr by the Trump administration after the UAE signed an accord to normalise relations with Israel. However the deal has come underneath mounting scrutiny since President Joe Biden took workplace.

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St. Louis, Omaha Newspapers Amongst These Eyed for Buy by Alden Capital Hedge Fund

Hedge fund Alden International Capital provided Monday to purchase newspaper chain Lee Enterprises for about $141 million, a lot to the chagrin of local-news advocates, the Related Press reported.

Lee Enterprises owns small, native papers in additional than two dozen states, together with the St. Louis Put up-Dispatch and the Omaha World-Herald.

Alden is without doubt one of the nation’s largest newspaper homeowners, having purchased Tribune Publishing earlier this yr. AP reported that Alden has a repute for chopping prices, layoffs and promoting newspapers’ actual property.

Within the Monday information launch, Alden, which already owns 6 p.c of Lee’s inventory,

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