Brief: Corvex Says Kindred Board Should Evaluate Strategic Alternatives

Kindred

04/05/2022 11:05

May 4 (Reuters) - Corvex:
    * CORVEX ISSUES FOLLOWING STATEMENT REGARDING ITS INVESTMENT
IN
KINDRED GROUP 
    * SAYS WE BELIEVE KINDRED HAS BUILT A STRATEGIC POSITION IN
THE
RAPIDLY GROWING GLOBAL ONLINE GAMING SPACE
    * SAYS GIVEN RECENT DEVELOPMENTS, WE BELIEVE THE KINDRED
BOARD
SHOULD IMMEDIATELY RETAIN A LEADING, GLOBAL FINANCIAL ADVISOR TO
EVALUATE STRATEGIC ALTERNATIVES, INCLUDING THE POTENTIAL VALUE
THAT COULD BE ACHIEVED THROUGH A SALE OR BUSINESS COMBINATION
    * SAYS WHILE WE HAVE NOT PRE-JUDGED ANY PATH FOR KINDRED, WE
BELIEVE THE BOARD SHOULD POSSESS ALL RELEVANT MARKET INFORMATION
AND LET THE DATA DRIVE THE DECISION-MAKING PROCESS
    * CORVEX MANAGEMENT LP DISCLOSED OWNERSHIP OF MORE THAN 10%
OF
SHARES AND VOTING RIGHTS OF KINDRED GROUP PLC ON APRIL 28

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nBw1btFq6a
 Further company coverage:  KINDsdb.ST  

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