Lee Enterprises, owner of the Missoulian and Roanoke Times, adopts ‘poison pill’ as it weighs Alden offer

28November 2021

Davenport, Iowa-based Lee Enterprises’ plan would kick in if Alden gets control of 10% or more of Lee’s stock in the next year. At that point, other shareholders could buy shares at a 50% discount or get free shares for every share they already own. Flooding the market with additional shares would dilute the stock, making it more expensive for Alden to acquire a controlling stake. Alden said in a filing Tuesday it owns 6.1% of Lee.

 

Read More
Did you miss our previous article…
https://www.406businessguide.com/great-falls-montana-trade-area-growth-highlights/

Leave a Reply

Your email address will not be published.

See Your Business Here!

Would you like to add your business to our site? It’s FREE! Please click the button now.