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Gannett Co Inc. (NYSE: GCI) set to retain all 8 board seats in proxy fight with MNG

  • Gannett Co Inc. (NYSE:GCI) is set to win the harsh proxy fight with MNG and will retain all eight board seats at the company.
  • According to the Wall Street Journal, this will mark the end of a bitter proxy fight between the Newspaper Company and activist investor MNG.

The WSJ filed the following report based on unofficial voting figures, which could end the bitter proxy fight launched by MNG/Digital First.

MNG had tabled a $12/ share all cash deal for the mass media company, despite widespread doubts on whether it could secure financing for the deal.

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