trending Market Intelligence /marketintelligence/en/news-insights/trending/y01TkVcfxSZYtI92UDl68w2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Gannett's board urges stockholders to vote against MNG director nominees

IoT and AI Aid Critical Event Management to Battle COVID-19, but Deployment could Raise Privacy Concerns

COVID-19: The 451 Research Take

Australia And New Zealand Telcos Launch Special Packs Amidst COVID-19 Outbreak

IPTV, Multichannel Services In Asia Evolving Quickly In Response To COVID-19

Gannett's board urges stockholders to vote against MNG director nominees

Gannett Co. Inc.'s board urged the company's stockholders to vote in favor of the eight director nominees recommended by the board at an annual meeting on May 16.

The company asked the stockholders to vote against the six director nominees recommended by MNG Enterprises Inc. since they were chosen by MNG to "serve" the interests of MNG and Alden Global Capital LLC, a hedge fund that controls MNG, according to a definitive proxy statement filed March 26.

The directors nominated by Gannett's board are Chairman John Jeffry Louis, John Cody, Stephen Coll, Donald Felsinger, Lila Ibrahim, Lawrence Kramer, Debra Sandler and Chloe Sladden.

Gannett also reiterated its concerns regarding MNG's unsolicited proposal to buy Gannett, arguing that the offer undervalued the company and its assets. In a letter to the company's shareholders, Louis said MNG failed to confirm whether it secured financing for a potential transaction, address concerns regarding antitrust regulatory concerns and a plan for managing the operations of Gannett.

Oak Tree Capital Management LP recently delivered a letter to MNG Enterprises stating they are "highly confident" in the company's ability to attain a debt financing package in an aggregate principal amount equal to not less than $1.73 billion in connection with MNG's offer to buy Gannett.