Brief: Engine Capital Issues Letter To Board Of Avantax Regarding Need To Explore Strategic Alternatives

Avantax

05/06/2023 12:09

June 5 (Reuters) - Avantax Inc  AVTA.O :
    * ENGINE CAPITAL - ISSUES LETTER TO BOARD OF AVANTAX
REGARDING
NEED TO EXPLORE STRATEGIC ALTERNATIVES
    * ENGINE CAPITAL - OWNS ABOUT 2% OF OUTSTANDING SHARES OF
AVANTAX
    * ENGINE CAPITAL - SALE OF AVANTAX COULD FETCH BETWEEN $27
AND $32
PER SHARE
    * ENGINE CAPITAL - REQUESTS MEETING WITH AVANTAX BOARD TO
DISCUSS
MATTERS SET FORTH IN LETTER

Source text for Eikon:  ID:nBw53s1PVa 
Further company coverage:  AVTA.O