Editor’s note: This article first appeared on the website of DFMworkers.org on Nov. 23, 2021.
The executives at Florida-based hedge fund Alden Global Capital must be restless.
No longer content with extracting the lifeblood from two of the nation’s largest local newspaper chains, it’s now stalking Lee Enterprises.
Alden announced, via a Monday-morning press release, that it wants to buy all of Lee Enterprises for $24 a share, in cash.
Continue reading “Alden’s sleight-of-hand bid demands a closer look”