Lee Enterprises Comments on Favorable Ruling from Delaware Court of Chancery
2022年2月26日 - 8:28AM
Lee Enterprises, Incorporated (NASDAQ: LEE) announced that the
Delaware Court of Chancery today denied all of the motions brought
by Alden Global Capital LLC (together with its affiliates,
“Alden”), which were aimed at delaying the Company’s 2022 Annual
Meeting. The Company issued the following statement:
“This is now the second court ruling in less than two weeks
rejecting Alden’s desperate efforts to destabilize Lee and push its
grossly undervalued proposal to purchase the Company. Lee applauds
the Court’s latest decision and looks forward to holding its 2022
Annual Meeting on March 10, 2022, as planned.”
Lee urges shareholders to vote FOR all three of Lee’s
proposed director nominees – Mary E. Junck, Herbert W. Moloney and
Kevin D. Mowbray – at the Company’s 2022 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 Statements
The 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 |
Lee Enterprises (NASDAQ:LEE)
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