Lee Enterprises Comments on Alden’s Latest Lawsuit
2022年2月23日 - 7:08AM
Lee Enterprises, Incorporated (NASDAQ: LEE) today issued the
following statement in response to the recent lawsuit filed by
Alden Global Capital LLC (together with its affiliates, “Alden”) in
the Delaware Court of Chancery:
“We are disappointed, but not
surprised, that Alden continues to pursue increasingly desperate
measures in an attempt to destabilize Lee and advance its grossly
undervalued hostile proposal to purchase the Company. We are
applying the clear and plain language of our bylaws, which is not
new, and our position that plurality voting applies at this meeting
(because of Alden’s actions) has been abundantly clear in our
disclosures for over a month now. Alden asked us last week to amend
our bylaws to change the clear meaning of them in the middle of an
election. The Board properly determined not to do so.”
Lee’s Board urges shareholders to protect their investment by
voting “FOR”
ALL the Board’s nominees using the
WHITE proxy card. All shareholders at the close of
business on January 12, 2022 are entitled to vote at the Annual
Meeting.
More information related to Lee’s 2022 annual meeting can be
found at investors.lee.net/2022-annual-meeting.
If you have any questions or require any assistance in voting
your shares, please contact Lee’s proxy solicitor:
Morrow Sodali LLC509 Madison Avenue Suite 1206New
York, NY 10022Shareholders Call Toll Free: 800-662-5200Banks,
Brokers, Trustees, and Other Nominees Call Collect:
203-658-9400Email: LEE@investor.MorrowSodali.com
About Lee EnterprisesLee Enterprises is a major
subscription and advertising platform and a leading provider of
local news and information, with daily newspapers, rapidly growing
digital products and over 350 weekly and specialty publications
serving 77 markets in 26 states. Year to date, Lee’s newspapers
have average circulation of 1.0 million, and our legacy website,
including acquisitions, reach more than 47 million digital unique
visitors. Lee’s markets include St. Louis, MO; Buffalo, NY; Omaha,
NE; Richmond, VA; Lincoln, NE; Madison, WI; Davenport, IA; and
Tucson, AZ. Lee Common Stock is traded on NASDAQ under the symbol
LEE. For more information about Lee, please visit www.lee.net.
Forward-Looking StatementsThe information
provided in this communication may include forward-looking
statements relating to future events or the future financial
performance of the Company. Because such statements are subject to
risks and uncertainties, actual results may differ materially from
those expressed or implied by such forward-looking statements.
Words such as “aims,” “anticipates,” “plans,” “expects,” “intends,”
“will,” “potential,” “hope” and similar expressions are intended to
identify forward-looking statements. These forward-looking
statements are based upon current expectations of the Company and
involve assumptions that may never materialize or may prove to be
incorrect. Actual results and the timing of events could differ
materially from those anticipated in such forward-looking
statements as a result of various risks and uncertainties. Detailed
information regarding factors that may cause actual results to
differ materially from the results expressed or implied by
statements in report relating to the Company may be found in the
Company’s periodic filings with the SEC, including the factors
described in the sections entitled “Risk Factors,” copies of which
may be obtained from the SEC’s website at www.sec.gov. The Company
does not undertake any obligation to update forward-looking
statements contained in this communication.
Investor ContactIR@lee.net(563) 383-2100 |
Media ContactJamie Tully/Jenny GoreSard Verbinnen
& CoLee-SVC@sardverb.com |
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Lee Enterprises (NASDAQ:LEE)
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Lee Enterprises (NASDAQ:LEE)
過去 株価チャート
から 9 2023 まで 9 2024