Thursday, January 30, 2020 11:34:09 PM
Alden Global Capital, the New York vulture hedge fund gutting Digital First Media newspapers, has acquired a $9.2 million stake in one of its rivals, Lee Enterprises, siphoning money from Alden’s highly profitable and understaffed papers to finance the stock purchase. MNG Enterprises, Alden’s business name for DFM, reported the acquisition in a filing with the Securities and Exchange Commission on Wednesday. The 3.4 million shares —representing a 5.9% stake in Lee — were purchased on the open market for just under $2.72 a share. Lee shares closed on Wednesday at $2.11. No doubt this will hit at least $3 in very short order , since Alden paid close to that, per share.
$$LEE$$
Recent LEE News
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 06:23:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 05:00:09 PM
- Lee Enterprises to Present at Sidoti Virtual Investor Conference • GlobeNewswire Inc. • 05/06/2024 03:00:00 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 02/23/2024 03:19:22 PM
- Form SCHEDULE 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/20/2024 05:44:46 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 05:21:34 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/14/2024 03:52:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/08/2024 09:30:02 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/02/2024 05:53:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/01/2024 07:12:06 PM
- Lee Enterprises reports first quarter Adjusted EBITDA growth and strong digital growth • GlobeNewswire Inc. • 02/01/2024 12:00:00 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 01/22/2024 10:02:56 PM
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- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 01/12/2024 07:47:06 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 01/12/2024 07:41:50 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/14/2023 09:25:23 PM
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