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BRIEFLY

Gannett approved its anti-takeover moves.

May 22, 1985

Shareholders approved the two proposed anti-takeover amendments by slim majorities at the company's annual meeting. Cincinnati financier Carl H. Lindner, owner of 5% of Gannett stock, had tried to block the measures. Shareholders nonetheless approved by 56% a proposal staggering directors' terms so that the directors could not all be replaced at one time. They approved by 59.2% a proposal preventing anyone from offering one price to some shareholders to gain majority control of the company and then paying less to other holders for the remainder of the company.

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