![indystar-1-450bp.jpg](https://www.ibj.com/wp-content/uploads/2019/01/indystar-1-450bp-300x200.jpg)
UPDATE: IndyStar parent firm rejects $1.4B offer, but fight might not be over
Gannett Co. said Monday that its board determined the unsolicited offer from a hedge-fund backed media group undervalued the company and wasn’t in the best interests of shareholders.