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MNG Enterprises to support Gannett-New Media merger after losing takeover bid

( October 31, 2019, 21:58 GMT | Official Statement) -- MLex Summary: Investment fund MNG Enterprises will support Gannett's acquisition of New Media Investment, according to a regulatory filing. MNG has an 8.5 percent stake in New Media. An attempt in by MNG to acquire Gannett for $1.36 billion was rejected by the company this year. MNG is 51 percent owned by New York-based hedge fund Alden Global Capital.Exceprt from filing....

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