Gannett called a special directors meeting.
The media company scheduled the meeting for today after a major stockholder said it plans to challenge the company’s proposed anti-takeover measures. Gannett is seeking to stagger the terms of its directors to make it harder for a corporate raider to gain a majority of the company’s board. American Financial, which has a 5% stake in Gannett, said it intends to vote its shares against the anti-takeover provisions at the annual meeting, scheduled for May 21.
More to Read
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.