Courtesy of Benzinga. The Phoenix Companies, Inc. (NYSE: PNX) today announced a 1-for-20 reverse stock split of Phoenix common stock. “We believe this is the right time for a reverse stock split, which will reduce administrative costs and improve our ability to [...]
Courtesy of Benzinga. The Board of Directors of Lee Enterprises, Incorporated (NYSE: LEE), has elected not to effect a reverse stock split. At the annual meeting in March, stockholders had granted the board discretionary authority until June 30 to decide. Mary Junck, [...]
Warren Buffett’s Berkshire Hathaway Inc. (BRK/A) disclosed a stake in Lee Enterprises Inc. (LEE) as the billionaire investor bets on community newspapers.
Buffett’s...(
read more)