News

Warren Buffett increases stake in Lee Enterprises

By JIM GALLAGHER St. Louis Post-Dispatch
(1) Comments

Warren Buffett’s Berkshire Hathaway Inc. has nearly doubled its stake in newspaper publisher Lee Enterprises, the parent company of the Casper Star-Tribune and St. Louis Post-Dispatch, among others.

Lee’s shares jumped nearly 20 percent on the news Wednesday, closing at $1.59, up 26 cents.

In a filing with the Securities and Exchange Commission on Tuesday, Omaha, Neb.-based Berkshire Hathaway disclosed that its stake in Lee Enterprises has grown to 3.23 million shares, about 6 percent of shares outstanding. In June, Berkshire’s ownership stake in Lee totaled 1.7 million shares, according to regulatory filings.

Full Story: http://trib.com/news/state-and-regional/warren-buffett-increases-stake-in-lee-enterprises/article_93fc8d4f-570a-55d4-a518-7340a10df2a7.html#

***

Entrepreneurs Now Start Hyperlocal Then Go Global http://www.matr.net/article-51558.html

Sorry, we couldn't find any posts. Please try a different search.

Leave a Comment

You must be logged in to post a comment.