Lee Enterprises directors reelected despite hedge fund fight
Associated Press: Three directors at newspaper publisher Lee Enterprises were reelected Thursday over the objections of a hedge fund that has been trying to buy the company since last fall. Lee said its chairman, CEO and lead independent director were all reelected as expected at the Davenport-based company’s annual meeting, with each receiving support from more than 70% of the votes cast. Alden Global Capital had urged shareholders to vote against Chairman Mary Junck and longtime director Herbert Moloney after a judge blocked its effort to nominate its own directors.
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