Wednesday, February 16, 2022
Lee Enterprises, Inc. (LEE)
The Court Delivers A Big Win
Lee Enterprises Inc is a local news publication company in the United States. Its products include daily and Sunday newspapers, weekly newspapers and classified and few other specialty publications. Its products are used as a platform for advertising in mid-size markets. Revenues are generated primarily from retail and classifieds advertising and the remaining from subscriptions to its printed and digital products.
Michael Kupinski, Director of Research, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Court rules in favor of Lee. A Delaware Court of Chancery ruled in favor of Lee Enterprises not to nominate the Alden Group’s Directors to Lee’s board. The Vice Chancellor indicated that Lee’s board acted reasonably. The ruling allows the company to disregard Alden’s director nominations.
No proxies, no votes. As a result, Lee will disregard proxies or votes in favor of Alden’s nominees at Lee’s Annual Meeting of Shareholders on March 10 …
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
