Brief: Jat Capital Mgmt Lp Reports 9.1% Stake In Overstock.Com Inc. As Of October 12

Neighborhood Intelligence

16/10/2023 15:08

Oct 16 (Reuters) - JAT CAPITAL MGMT LP:
    * JAT CAPITAL MGMT LP REPORTS 9.1% STAKE IN OVERSTOCK.COM
INC. AS
OF  OCTOBER 12- SEC FILING
    * JAT CAPITAL MGMT LP BELIEVE OVERSTOCK.COM SECURITIES, WHEN
PURCHASED, WERE UNDERVALUED AND REPRESENT ATTRACTIVE LONG-TERM
INVESTMENT OPPORTUNITY
    * JAT CAPITAL MGMT LP SAYS ON OCT 12, SENT A LETTER TO
OVERSTOCK.COM INC'S BOARD THAT INCLUDED OPERATIONAL
RECOMMENDATIONS FOR BOARD TO CONSIDER
    * JAT CAPITAL MGMT-IN LETTER, ASKS OVERSTOCK.COM TO CONDUCT
IMMEDIATE STRATEGIC REVIEW OF CO'S NON-CORE ASSETS, INCLUDING
EVALUATION OF POTENTIAL SALE/SPIN-OFF

Further company coverage:  OSTK.O 

 ((Reuters.Briefs@thomsonreuters.com;))