Lee enterprises to buy berkshire hathaway newspaper operations, berkshire hathaway to finance all debt

Lee enterprises to buy berkshire hathaway newspaper operations; berkshire hathaway to finance all debt.lee enterprises inc - deal immediately accretive to earnings before synergies, reduces balance sheet leverage.lee enterprises inc - deal for $140 million in cash.lee enterprises inc - annual run-rate revenue and cost synergies estimated at $20-25 million from deal.lee enterprises inc - subsequent to deal closing, berkshire hathaway will be lee's sole lender..lee enterprises inc - berkshire hathaway is providing approximately $576 million in long-term financing to lee at a 9% annual rate.lee enterprises inc - lee will enter into a 10-year lease for bhmg's real estate.lee enterprises inc - proceeds from berkshire financing will be used to pay for acquisition, refinance lee's approximately $400 million of existing debt.lee enterprises - berkshire financing requires no fees, will result in about $5 million of interest rate savings on lee's refinanced debt annually.lee enterprises inc - berkshire financing will eliminate lee's existing $23 million revolving credit facility.
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