USPA NEWS - Gannett has today confirmed it has received a proposal from MNG Enterprises Inc. to acquire Gannett for $12 per share in cash. The current share price for Gannett is $9.75.
Gannett has said their board of directors will now review the proposal. Gannett owns Newsquest, the second largest regional and local newspaper company in the UK.
In reaction to the proposal, the union expressed grave concern about the bid and the potential detrimental impact on quality, sustainable journalism in the UK.
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