As Alden seeks seats on Lee Enterprises' board, Lee unions urge the board to reject Alden's takeover

Alden Global Capital has played another card in its campaign to take over Lee Enterprises. On Friday, the hedge fund nominated a slate of three directors for seats on Lee’s eight-person board.

In a press release Monday, Lee described these as “purported” nominations and said it would see whether proper procedures were followed. If so, they would be considered at the company’s 2022 annual meeting.

Alden offered a bid of $24 a share a week ago, $5.50 per share more than the company’s trading value at market close Nov. 19. Lee rebuffed the offer, saying its directors will consider it over the next year, while putting in a “poison pill” aimed at blocking Alden from buying more than 10% of the company’s shares.

Alden gained seats on the board of Tribune Publishing over a period of 18 months as part of its strategy for acquiring control of that company, which it completed this summer.

Read more: https://www.poynter.org/business-work/2021/hedge-fund-alden-seeks-seats-on-lee-enterprises-board/

Among the major brands in the Lee Enterprises chain are the following:

Omaha World-Herald
Buffalo News
Richmond-Times Dispatch
St. Louis Post-Dispatch

A complete list of their brands is at https://lee.net/markets/ .

Jimmy Kimmel Has Had Enough of Scumbags Attacking Dr. Fauci for Trying to Keep Us Alive

Southwest Baggage Handler Stole Guns From Travelers in St. Louis

A former Southwest Airlines employee will serve six months in prison after admitting to stealing at least five firearms from checked bags belonging to passengers traveling through St. Louis Lambert International Airport.

Mark Hunter, of St. Louis, previously pleaded guilty in federal court for possession of stolen firearms. He had been indicted in April.

According to the U.S. District Court for the Eastern District of Missouri, the case against Hunter began in September, when the Manchester Police Department seized a pistol that had been reported stolen by a Southwest passenger. The passenger told police that the firearm had been taken from his luggage.

That's when federal investigators got involved. Agents with the Bureau of Alcohol, Tobacco, Firearms and Explosives, along with the Transportation Security Administration, identified seven similar firearm thefts: All had been reported as stolen from checked luggage on Southwest Airlines flights during a roughly five-month span between March and August 2020.

Read more: https://www.riverfronttimes.com/newsblog/2021/11/30/southwest-baggage-handler-stole-guns-from-travelers-in-st-louis