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Press release content from Business Wire. The AP news staff was not involved in its creation. Whitebox Advisors Sends Letter to the Board of Directors of LG Corporation December 14, 2020 GMT Whitebox Advisors LLC today sent the below letter to LG Corporation’s Board of Directors.
Koo, Kwang Mo Dear Members of the Board of Directors, As you are aware, Whitebox Advisors LLC (together with its affiliates, “Whitebox” or “we”) owns a significant stake in LG Corporation (“LG” or the “Company”). We are a long-term shareholder that has repeatedly sought to engage with the Board of Directors (the “Board”) and representatives of the management team in a constructive, private manner over the past two years. It is extremely disappointing that our feedback and viewpoints have been repeatedly dismissed or ignored. ....
Whitebox Advisors LLC: Whitebox Advisors Sends Letter to the Board of Directors of LG Corporation Asserts LG s Recently-Announced Proposed Spin-Off Would Fail to Create Value for Long-Suffering Minority Shareholders Believes the Board Should Focus on Narrowing LG s Staggering Trading Price Discount, Which is Currently 69% Relative to Net Asset Value Encourages the Board to Abandon Anti-Shareholder Maneuvers in Favor of Improving LG s Corporate Governance and Implementing the Company s Long-Delayed Capital Management Plan Whitebox Advisors LLC today sent the below letter to LG Corporation s Board of Directors. 14 December 2020 Koo, Kwang Mo Dear Members of the Board of Directors, As you are aware, Whitebox Advisors LLC (together with its affiliates, Whitebox or we ) owns a significant stake in LG Corporation ( LG or the Company ). We are a long-term shareholder that has repeatedly sought to engage with the Board of Directors (the Board ) an ....