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Lee Enterprises Enacts Poison Pill to Guard Against Alden Takeover

The newspaper publisher said its board has approved a shareholder rights plan, effective for one year, that would block the hedge fund from acquiring more than 10% of the company as it considers the hostile bid.The newspaper publisher said its board has approved a shareholder rights plan, effective for one year, that would block the hedge fund from acquiring more than 10% of the company as it considers the hostile bid.

Source : WSJ.com: US Business Read More

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