News alert: Gannett retains full control of board of directors as shareholders reject MNG nominees amid hostile takeover attempt

5 years ago

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News Alert Thursday, May 16

Gannett retains full control of board of directors as shareholders reject MNG nominees amid hostile takeover attempt

MNG could still pursue an acquisition, but its failure to secure seats on the board of Gannett, USA TODAY's parent company, reflects a significant setback in its effort to acquire the media company. With seats on the board, MNG could have agitated for a potential deal. The preliminary results were revealed at Gannett's annual meeting Thursday.

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News alert: Gannett retains full control of board of directors as shareholders reject MNG nominees amid hostile takeover attempt

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