Hedge fund Alden in hunt for another big newspaper chain
Hedge fund Alden in hunt for another big newspaper chain
Hedge fund Alden Global Capital, one of the country’s largest newspaper owners, has offered to buy the local newspaper chain Lee Enterprises for about $141 million.
In a news release Monday, Alden said it sent Lee’s board a letter with the offer. It already owns 6% of Lee’s stock and is proposing to buy the rest for $24 a share. Alden says it does not foresee regulatory issues that could…
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