Lee Enterprises extends poison pill to March 2026 after Hoffmann Family accumulates 9.8% stake

LEE ENTERPRISES, Inc

Rights plan extended by one year to March 27, 2026, in response to Hoffmann Family's unsolicited interest (announced March 20, 2025).
Hoffmann Family holds ~9.8% stake and has expressed interest in acquiring Lee; no price or terms provided.
Lee offered to enter into a confidentiality agreement for Hoffmann to share a proposal with price and financing details.
Board has not set timetable or made decisions; will review any credible proposal consistent with fiduciary duties.
All other terms of rights plan unchanged; plan can be terminated earlier if Board decides.

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