MNG Of­fers to Ac­quire USA To­day

The Economic Times - - Brands: Creating Desire -

MNG En­ter­prises said on Mon­day it of­fered to buy USA To­day pub­lisher Gan­nett for $12 per share in cash, or $1.4 bil­lion. In a let­ter sent to Gan­nett’s board, MNG said it had ap­proached the com­pany’s board and man­age­ment on mul­ti­ple oc­ca­sions about a po­ten­tial com­bi­na­tion, but Gan­nett had not “mean­ing­fully en­gaged”.

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