St. Louis Post-Dispatch parent extends ‘poison pill’ following Hoffmann purchase bid

St. Louis Post-Dispatch parent extends ‘poison pill’ following Hoffmann purchase bid

Even as it bolstered itself against a takeover, the St. Louis Post-Dispatch parent company's board said it would hear out billionaire investor David Hoffmann's proposal.

Hoffman bid prompts Lee to extend shareholder protections

Facing interest from another company seeking to acquire majority ownership, the Lee Enterprises Board of Directors voted to extend a previous shareholders rights plan, the media company announced one day before that plan was set to expire. The Davenport-based newspaper and digital media chain said in a Wednesday, March 26, news release that the one-year […]The post Hoffman bid prompts Lee to extend shareholder protections appeared first on Quad …