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Stock Market & Financial Investment News

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May 23, 2014
11:59 EDTLEELonestar no longer activist holder in Lee, says refinancing met objective
Lonestar Capital Management, which has a 4.9% stake in Lee Enterprises, had previously expressed the view that the company should pursue a financing that would allow the company to continue deleveraging. LCM believes that the company’s refinancing transactions of March 31 have accomplished this objective and the fund congratulates the company, Lonestar stated in a regulatory filing.
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