Brief: Cannell Capital Urges Board And Management Revamp At Lee Enterprises

Lee Enterprises

03/09/2021 01:26

Sept 2 (Reuters) - CANNELL CAPITAL :
    * URGES BOARD AND MANAGEMENT REVAMP AT LEE ENTERPRISES
    * FAILURE OF CURRENT BOARD TO RECOGNIZE AND TAKE IMMEDIATE
AND
AGGRESSIVE ACTION IS LARGE PART OF JUSTIFICATION FOR SIGNIFICANT
CHANGE
    * OUR THESIS, WHICH VALUES LEE'S CURRENT SHARES AT $205 PER
SHARE
ASSUMING NEW STEWARDSHIP, AND A LIST OF QUESTIONS FOR LEE
    * CALLS UPON ALL OWNERS TO INFUSE LEE BOARD WITH MORE
FORWARD-THINKING PEOPLE
    * WILL VOTE AGAINST ALL INCUMBENT DIRECTORS AND ENCOURAGE
OTHER
OWNERS TO DO SAME
    * FORECASTS THIRD PARTY WILL MOVE,COLLABORATIVELY OR
RAPACIOUSLY,
TO TRANSFER VALUE FROM CURRENT OWNERS FOR THEIR OWN EXCLUSIVE
BENEFIT 

Source text for Eikon:  ID:nPn690dm7a 
Further company coverage:  LEE.O 

 ((Reuters.Briefs@thomsonreuters.com;))