Reuters: Mergers News: UPDATE 1-Warren Buffett discloses 3.2 pct stake in Lee Enterprises

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

UPDATE 1-Warren Buffett discloses 3.2 pct stake in Lee Enterprises Jun 5th 2012, 21:10 June 5 | Tue Jun 5, 2012 5:10pm EDT June 5 (Reuters) - Warren Buffett's Berkshire Hathaway Inc has taken a small stake in Lee Enterprises , the latest in its string of investments in newspaper publishers in the United States. According to an amended 13F filed with the U.S. Securities and Exchange Commission, Berkshire owns about 1.7 million shares of Lee Enterprises, or about 3.2 percent based on its latest shares outstanding. The investment comes less than a month after Berkshire announced a deal to buy Media General Inc's newspapers for $142 million. Berkshire already owns the Buffalo News and the Omaha World-Herald Co, and has a stake in the Washington Post Co . The Media General deal also gives Berkshire a 16.9 percent stake in the newspaper publisher through share purchase warrants. Newspaper chain Lee Enterprises, which recently refinanced its debt after filing for bankruptcy in December last year, publishes 48 daily newspapers including the St. Louis Post-Dispatch. Its shares were up 26 percent in post-market trade, after closing at $1.15 on the New York Stock Exchange on Tuesday.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions