Line chart showing the stock price of Lee Enterprises. When Alden announced their initial offer to acquire Lee in November 2021, Lee's stock was just below $25 a share. It rose steadily up to $40, until Alden sued Lee after the takeover bid was rejected a few months later. Lee's stock has been on a decline since then, accelerating after Axios reported major layoffs in May 2022. As of November 2022, Lee's stock price is around $18.