Lee Enterprises Decides Against Reverse Stock Split
Posted: 6/29/2012 | By: Reuters.com
DAVENPORT, Iowa (June 28, 2012) -- The Board of Directors of Lee Enterprises, Incorporated (NYSE: LEE), has elected not to effect a reverse stock split.
At the annual meeting in March, stockholders had granted the board discretionary authority until June 30 to decide. Mary Junck, chairman and chief executive officer, said the board considered current market conditions, business forecasts and other factors that could affect shareholder value, including the prospect for continued listing on the New York Stock Exchange.
At the annual meeting in March, stockholders had granted the board discretionary authority until June 30 to decide. Mary Junck, chairman and chief executive officer, said the board considered current market conditions, business forecasts and other factors that could affect shareholder value, including the prospect for continued listing on the New York Stock Exchange.