Red Alder Releases New Presentation to Shareholders of Capital Senior Living Corporation
January 25 2016 - 9:13AM
Business Wire
Calls Upon Company To Retain A Nationally
Recognized Investment Bank And Form A Special Committee Of
Independent Directors to Pursue A Sale of the Company
Believes Sale Transaction Would Unlock
Shareholder Value – Over $30 per share
Red Alder Master Fund, LP (“Red Alder”), an offering of Lucus
Advisors LLC (“Lucus”), an investment management firm that, through
its affiliated funds and managed accounts, owns more than 6% of
Capital Senior Living Corporation (“CSU” or the “Company”)
(NYSE:CSU), today released an investor presentation detailing the
opportunities to realize shareholder value at CSU, which can be
found at www.UnlockCSUValue.com. This follows CSU’s failure to
retain a qualified financial advisor to explore strategic
alternatives by January 15, 2016, as requested in Red Alder’s
public letter to CSU calling for a sale of the Company, released on
December 10, 2015.
In the presentation, Red Alder emphasizes the valuation gap from
which CSU suffers, and calls for the Company to retain a nationally
recognized investment bank to explore a sale to a third-party that
appreciates its true value. To best guide this process, the
presentation calls for the formation of a special committee of
independent directors with financial backgrounds.
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version on businesswire.com: http://www.businesswire.com/news/home/20160125005906/en/
Sloane & CompanyElliot Sloane, 212-446-1860 or Jaimee
Pavia, 212-446-1863
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