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Lee Enterprises' Board puts plan in place to hold back takeover by hedge-fund Alden Global Capital

On Wednesday afternoon (Nov. 24, 2021), Lee Enterprises, announced in a press release that “its Board of Directors has unanimously adopted a limited-duration shareholder rights plan (Rights Plan)." Within the statement from Lee Chairman Mary Junck: "Consistent with its fiduciary duties, Lee's Board has taken this action to ensure our shareholders receive fair treatment, full transparency and protection in connection with Alden's unsolicited proposal to acquire Lee."
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