Gannett to Face Board Pressure from Alden if Bid is Rejected

New York Post: Alden Global Capital, the hedge fund that controls MNG Enterprises, is preparing to run an activist slate of candidates to pressure the Gannett board if it balks at the $1.36 billion takeover offer. Its offer letter warned, “We reserve our rights to take action, which may include seeking changes to the composition of the board.”