BREAKING NEWS

BREAKING NEWS

MNG Enterprises offers to buy USA Today publisher Gannett

MNG Enterprises offers to buy USA Today publisher Gannett
FILE PHOTO: The corporate flags for the Gannett Co and its flagship newspaper, USA Today, fly outside their corporate headquarters in McLean, Virginia, July 23, 2013. REUTERS/Larry Downing -
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Larry Downing(Reuters)
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(Reuters) - Newspaper chain MNG Enterprises Inc said on Monday it had offered to buy USA Today publisher Gannett Co Inc <GCI.N> for $12 per share in cash, or $1.36 billion (£1 billion).

The price represents a 23 percent premium to Gannett's $9.75 close on Friday.

(Reporting by Munsif Vengattil in Bengaluru; Editing by Shounak Dasgupta)

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