Daily Archives: November 20, 2013

More Bad News for Ackman on Herbalife

(Market Cap $6.7B; Filed by William Stiritz, CEO of Post Holdings; 6.38% ownership) Item 4. Purpose of Transaction. The Reporting Person has analyzed the Company and concluded that it has a sound business model, a strong distribution system and a positive outlook for long-term growth opportunities. The Reporting Person believes that the Company’s market capitalization is…

Lonestar Has Some Advice for Lee Enterprises

(Market Cap $187M) LONESTAR CAPITAL MANAGEMENT LLC November 19, 2013 Board of DirectorsLee Enterprises, IncorporatedDear Members of the Board of Directors: As was disclosed in a Schedule 13D filed on November 1, 2013, Lonestar Partners, L.P., an investment fund advised by Lonestar Capital Management LLC (together, “Lonestar”), owns 3.0 million shares of common stock of…

Orange Cap Wants to Bring Change to Strategic Resorts

(Market Cap $1.8B) Orange Capital, LLC, a large shareholder of Strategic Hotels & Resorts, Inc., owning approximately 4.0% of the outstanding shares of the Company, announced today that it intends to nominate four independent directors to the Board of Directors of Strategic Hotels for election at the 2014 annual meeting.  Orange Capital’s nominees bring significant…