Judge backs Lee Enterprises rejection of hedge fund nominees

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Associated Press: Lee Enterprises’ effort to repel a hostile takeover got a boost this week when a judge ruled the newspaper publisher could ignore two board nominations from the hedge fund Alden Global Capital. But Alden said it will press the fight by urging shareholders to vote against Lee Chairman Mary Junck and one other long-standing board member at the company’s March 10 annual meeting. Lee Enterprises, based in Davenport, said Tuesday that a Delaware judge supported its decision to reject Alden’s nominees because the hedge fund didn’t meet Lee’s technical requirements to nominate board members.