Sun-Times Media shareholders urged to reject Davidson Kempner's takeover bid

By Lisa Kerner

Charlotte, N.C., Dec. 11 - Glass, Lewis & Co. recommends that Sun-Times Media Group, Inc. shareholders reject Davidson Kempner Capital Management LLC's attempt to take over the company's board of directors, according to a Sun-Times news release.

As previously reported, Davidson Kempner wants to reduce the Chicago-based newspaper company's board to five directors from seven and put forth its own slate of director nominees:

• Jeremy L. Halbreich, former president and general manager of the Dallas Morning News;

• Robert A. Schmitz, a partner at Quest Turnaround Advisors;

• Lee Hillman, former chief financial officer of Bally Entertainment Corp. and later the chairman and CEO of Bally Total Fitness Holding Corp.; and

• Michael E. Katzenstein, founder and principal of CXO, LLC, a restructuring and turnaround management firm.

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