MNG aims for 3 board directors in Gannett hostile takeover bid
The cost-slashing hedge fund Alden Global, which controls MNG Enterprises, is scaling back the number of directors it seeks to place on the Gannett board to three as it continues to press a $1.36 billion hostile bid. Gannett’s board is still giving it a thumbs-down and asking other shareholders in the proxy battle to vote...