YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Newspaper publisher Gannett Co. Inc. rejected an unsolicited $1.4 billion purchase offer.
The hedge fund-backed MNG Enterprises, aka Digital First, offered $12 per share for the Gannett shares it doesn't already own.
“Our board of directors is confident that Gannett has significant value creation potential,” said J. Jeffry Louis, chairman of the Gannett board. “Our vision and pursuit of our digital transformation, combined with our USA Today Network strategy, enables us to serve more directly and efficiently the persistent demand of our audiences and customers to engage with their communities.”
Gannett also owns the Springfield News-Leader.
Read more from the Milwaukee Business Journal.
This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.
Banker pleads guilty to fraud scheme
Longtime employee sues Ozarks Tech, alleges retaliation
Cavender’s opens hat shop in southeast Springfield
Caterpillar to acquire John Fabick Tractor Co.
Eric Schmitt introduces Modern Skies Act
Springfield airport to cut the ribbon on $35M in construction projects