Lee Enterprises Receives Recapitalization Proposal from Hoffmann Family of Companies

Friday, Jul 18, 2025 4:11 pm ET1min read

Hoffmann Family of Companies has proposed a recapitalization for Lee Enterprises, valuing the newspaper operator at $462 million. The proposal involves a $25 million investment in newly issued common equity at $2 a share, alongside a $25 million backstopped rights offering to existing shareholders at the same price. This structure implies a valuation of $462 million based on Lee's current debt and outstanding shares.

Lee Enterprises Receives Recapitalization Proposal from Hoffmann Family of Companies

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