Lee Enterprises rejects board nominations from would-be buyer Alden

Lee Enterprises rejects board nominations from would-be buyer Alden

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BPC Staff | Dec 6, 2021 | 4:55 pm |

<1 min read time

St. Louis Post-Dispatch: Davenport-based Lee Enterprise on Friday rejected a prospective buyer’s attempt to nominate three new board members next year, citing procedural flaws in its filing.

St. Louis Post-Dispatch: Davenport-based Lee Enterprise on Friday rejected a prospective buyer’s attempt to nominate three new board members next year, citing procedural flaws in its filing. Lee said New York hedge fund Alden Global Capital’s mistakes included making the nominations through a third-party affiliate that did not own Lee shares. Lee also noted that the deadline for 2022 board nominations has since passed, so Alden cannot try again.

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