Daily Archives: November 23, 2015

And Yet Another Shareholder Letter to PICO

On November 23, 2015, Central Square Management (together with its affiliates, “Central Square”) delivered a letter to the Issuer’s Chair, Kristina Leslie, and the Issuer’s Board of Directors (the “Board”).  In the letter, Central Square stated that despite its persistent efforts to engage in constructive dialogue with the Board and management team over the past year,…

Elliott Sees Alcoa Dramatically Undervalued

Elliott filed a 13D disclosing a 6.4% position in Alcoa via shares, call options and swaps. The Reporting Persons purchased the securities of the Issuer reported herein based on their belief that such securities are dramatically undervalued by the public market. The Reporting Persons believe the spin-off transaction recently announced by management will create value…