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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report: November 4, 1996
LEE ENTERPRISES, INCORPORATED
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(Exact name of registrant as specified in its charter)
Delaware 1-6227 42-0823980
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(State of other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation
215 N. Main Street, Davenport, IA 52801-1924
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(Address of principal executive offices) ZIP Code
(319) 383-2100
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(Registrant's telephone number, including area code)
Item 5. Other Materially Important Events
A letter of intent was executed on November 4, 1996 for the disposition by
Lee Enterprises, Incorporated of its graphic arts products subsidiary, NAPP
Systems Inc., to Polyfibron Technologies, Inc., of Billerica, Massachusetts for
$55 million.
The transaction, which is subject to the requisite regulatory approval discussed
below and other customary contingencies for a transaction of this nature, is
expected to close by December 31, 1996. The sale of NAPP to Polyfibron will
result in a loss on discontinuance of Lee's graphic arts business segment of
approximately $16 million, or $.33 per share, in its 1996 fiscal year which
ended September 30.
The transaction is subject to the approval of the Federal Trade Commission and
the United States Department of Justice pursuant to the requirements of the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
LEE ENTERPRISES, INCORPORATED
(Registrant)
By /s/ G. C. Wahlig
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G. C. Wahlig
Chief Accounting Officer
Dated: November 4, 1996