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Author: Philana Patterson, USA TODAY
Gannett rejects takeover offer from MNG/Digital First Media
Owner of USA TODAY said the $12-a-share proposal undervalues Gannett and its board doesn’t believe the offer is credible.
Source: Gannett hasn’t received a buyout proposal from Digital First Media
A report citing people familiar with the matter said Digital First Media, majority owned by Alden Global Capital, would offer to buy the company.