Clinton Group

Clinton Group Wants Significant Changes at CCG

February 16, 2015  Campus Crest Communities, Inc. 2100 Rexford Road Suite 414 Charlotte, NC 28211 Attention: Board of Directors  Gentlemen: I write on behalf of Clinton Group, Inc. (“Clinton Group”), the investment manager of several funds and partnerships that collectively own a stake in the common stock of Campus Crest Communities, Inc. (“Campus Crest” or…

Clinton Group Talks Options for Wet Seal

On November 19, 2014, CGI sent a letter to the Board of Directors of the Issuer  encouraging the Board to clarify the Board’s intent regarding the Issuer’s liquidity situation and its pro forma capital structure. CGI suggested the Issuer take the following strategic action: (i) increase its available liquidity by engaging alternate lenders, (ii) address…

Clinton Group’s Follow-Up Letter to Nutrisystems

(Market Cap $422M) Ms. Dawn ZierChief Executive OfficerNutriSystem, Inc.600 Office Center DriveFort Washington, PA 19034 Re: Clarifying My March 24, 2014 Letter Dear Ms. Zier: Thank you for taking the time to talk on Friday regarding the letter I sent on March 24, 2014, on behalf of Clinton Group, Inc. and its affiliates and associates (“Clinton…

Clinton Group Makes Case for Nutri Systems Stock Buyback

(Market Cap $421M) March 24, 2014 Ms. Dawn ZierChief Executive OfficerNutriSystem, Inc.600 Office Center DriveFort Washington, PA 19034 Re: Creating Additional Shareholder Value at NutriSystem, Inc. Dear Ms. Zier: I write again on behalf of Clinton Group, Inc., the investment manager to several partnerships and funds (“Clinton Group”) that collectively own more than 6% of…

Clinton Group Happy with Wet Seal’s Actions

(Market Cap $131M) Mr. John GoodmanChief Executive OfficerThe Wet Seal, Inc.26972 BurbankFoothill Ranch, CA 92610  RE: Progress at Wet Seal  Dear Mr. Goodman: I write on behalf of Clinton Group, Inc. and its various affiliates and associates (“Clinton Group”), which together own more than 7% of the outstanding stock of The Wet Seal, Inc. (“Wet…

Clinton Group Looking to Take Wet Seal Private

(Market Cap $220M; Clinton has upped its ownership to 8.10% at an average cost of $3.45 per share) The Reporting Persons are exploring financing alternatives to enable the Reporting Persons or one of their affiliates to make an offer to purchase the equity of the Issuer in a “going private” transaction.

Clinton Group Sends Detailed Letter to ValueVision

October 30, 2013  Mr. Randy S. Ronning Chairman ValueVision Media Inc. 6740 Shady Oak Road Eden Prairie, MN 55344  Re: Enhancing Shareholder Value at ValueVision Media  Dear Mr. Ronning:  As you know, Clinton Group, Inc. is the investment manager for several partnerships and funds (collectively “Clinton”) that collectively own more than 5% of the common…

Clinton Group Calls Nutrisystem Stock Extremely Undervalued

(Market cap $395 million; Clinton Group owns 5.2%) PURPOSE OF TRANSACTION The Reporting Persons initially acquired beneficial ownership of the Common Stock of the Issuer for investment purposes because they believed the Issuer’s Common Stock represented an attractive investment opportunity. The Reporting Persons believe that the Common Stock at current market prices is undervalued. On…

Clinton: Gleacher Worth > $1 per Share But Withdrawing Nominees

Gleacher & Company, Inc.1290 Avenue of the AmericasNew York, New York 10104Attention: Corporate Secretary Re: Notice of Withdrawal of Nominations of Persons for Election as Directors at the 2013 Annual Meeting of the Stockholders of Gleacher & Company, Inc. (“Gleacher” or the “Corporation”) Ladies and Gentlemen: On April 8, 2013, Clinton Relational Opportunity Master Fund, L.P….

Clinton Group Believes a Turnaround at Gleacher is Possible

Certain of the Reporting Persons initially acquired beneficial ownership of the Common Stock of the Issuer for investment purposes because they believed the Issuer’s Common Stock represented an attractive investment opportunity.  The Reporting Persons believe that the Common Stock at current market prices is undervalued.   On April 8, 2013, CREL, in compliance with the…

Follow Up on Gleacher & Co

Gleacher & Company, Inc.  will exit its MBS & Rates and Credit Products businesses effective immediately. Exiting these businesses, together with associated rightsizing of administrative and other support personnel, could impact up to approximately 160 employees. The plan does not include the Company’s other business operations, principally investment banking. The Company also announced that it…

Clinton Group files 13D on Digital Generation

The Reporting Persons acquired the Common Stock for investment in the ordinary course of business. The Reporting Persons believe that the Common Stock at current market prices are undervalued and represent an attractive investment opportunity. The Reporting Persons may make further purchases of shares of Common Stock from time to time and may dispose of…

Clinton Group Provides Update on Wet Seal

On October 18, 2012, representatives of the Reporting Persons met with Lynda Davey and Kenneth Rees, both members of the Board. During the meeting, the Reporting Persons encouraged the Board to hire a new Chief Executive Officer and to return excess cash to stockholders as quickly as possible. In particular, the Reporting Persons said that…

Clinton Group Rejects Wet Seal Board’s Settlement

September 19, 2012 Board of DirectorsThe Wet Seal, Inc.26972 BurbankFoothill Ranch, CA 92610 RE: Unsatisfactory Settlement Terms  Gentlemen: I write on behalf of Clinton Spotlight Fund, L.P. and its affiliates (“Clinton”), which are the owners of 6.9% of the common stock of The Wet Seal, Inc. (“Wet Seal” or the “Company”). As you know, Clinton is…

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