In light of this, Gannett now questions MNG's motives and can only conclude that the proposed NDA is a distraction designed to mask MNG's inability to finance and complete the proposed transaction.In Gannett Losses Widen As Proxy Fight Looms
After careful review and consideration, conducted in consultation with its financial and legal advisers, the Gannett board concluded that MNG's unsolicited proposal undervalues Gannett and is not in the best interests of Gannett and its shareholders.In Gannett Board Rejects Hostile Takeover Bid. But that May be Just the Start.
MNG will consider its options in the coming days, including nominating a slate of individuals to the Gannett board who agree that Gannett shareholders should decide for themselves whether to accept our premium cash offer or other alternatives for immediate and certain value.In Gannett Board Rejects Hostile Takeover Bid. But that May be Just the Start.