Lee Enterprises adopts rights plan after India-based Quint Digital accumulates stock [Seeking Alpha]
Lee Enterprises, Incorporated (LEE)
Last lee enterprises, incorporated earnings: 5/4 06:30 am
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Source: Seeking Alpha
The board of the subscription and advertising platform noted that Quint has built and increased its ownership position to more than 12.4% of the company's outstanding common stock. Quint, in a bid to outline its expansion plans into the North American media tech market, has also highlighted its ownership in Lee in its public materials. Lee noted that Quint, which controls a digital publishing business, seeks to compete with its subsidiary, BLOX Digital. “The company has maintained an open dialogue with Quint Digital and plans to continue these conversations,” said Lee Enterprises Chairman Mary Junck. Under the rights plan, Lee is issuing one right for each share of common stock as of the close of business on April 8. The rights would initially trade with Lee common stock and would generally become exercisable only if any person acquires 15% or more of the company's outstanding common stock. Recommended For You More Trending News Recommended For You More Trending New
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News
- Lee Enterprises Second Quarter 2024 Earnings: US$2.06 loss per share (vs US$1.01 loss in 2Q 2023) [Yahoo! Finance]Yahoo! Finance
- Lee Enterprises reports second quarter Adjusted EBITDA growth and strong digital growth [Yahoo! Finance]Yahoo! Finance
- Lee Enterprises reports second quarter Adjusted EBITDA growth and strong digital growthGlobeNewswire
- Lee Enterprises adds Chief Transformation and Commercial OfficerGlobeNewswire
- 2 more sentenced in carjacking, kidnapping of FBI employee in South Dakota [FOX News]FOX News
LEE
Sec Filings
- 5/3/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/19/24 - Form SC
- LEE's page on the SEC website