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David Einhorn Takes Action at General Motors

Link to Filing: https://tinyurl.com/n8yrr9x This Proxy Statement and the enclosed GREEN proxy card are being furnished by Greenlight Capital, Inc. and certain of its affiliates (as identified on Annex I, collectively, “Greenlight,” “we”, or “us”), and the nominees named in Proposal 1 (the “Nominees” and, together with Greenlight, the “Participants”), in connection with the solicitation of…

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Wexford on Adeptus Debt Restructuring

Link to Filing: https://tinyurl.com/l6e6fkt Purpose of Transaction. The Purchasing Entities are investment funds affiliated with and managed by Wexford Capital.  Wexford Capital is an SEC registered investment advisor with over $3 billion of assets under management and a background that includes over two decades of investing in distressed situations, including companies that have filed or are…

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TAR Wants Changes at Sito Mobile

Link to Filing: https://tinyurl.com/k99yeh9 Purpose of the Transaction Item 4 of the Statement is hereby amended to add the following: On April 7, 2017, TAR Holdings delivered an advance notice to the Issuer (the “Advance Notice”) nominating a slate of three highly qualified director candidates, including Steven G. Singer, Wayne Barr, Jr. and Richard Ramlall (collectively,…

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JANA Files List of Improvements for Whole Foods

Filing: https://www.sec.gov/Archives/edgar/data/865436/000090266417001927/p17-0978sc13d.htm PURPOSE OF TRANSACTION. The Reporting Persons acquired the Shares because they believe the Shares are undervalued and represent an attractive investment opportunity. JANA has substantial experience analyzing and investing in the grocery sector and more broadly across the food and retail sectors, and the other Reporting Persons collectively possess significant operational, financial and nutritional…

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Peabody Energy Emerges from Chapter 11

ST. LOUIS, April 3, 2017 /PRNewswire/ — Peabody announced today that it has emerged from Chapter 11 protection with a transformed capital structure, including new equity that is expected to begin trading tomorrow on the New York Stock Exchange under the ticker symbol BTU. “We believe that ‘The New BTU’ is well positioned to create…

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Chaparral Energy Emerges from Chapter 11

Capital Structure Pursuant to the Plan, each share of the Company’s existing common stock outstanding immediately before the Effective Date (including all options and warrants to purchase such stock) will be cancelled and of no further force or effect after the Effective Date. As of March 8, 2017, there were 1,392,706 outstanding shares of common…

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GrizzlyRock Thinks Vishay is Mismanaged Co

Link to Filing: https://tinyurl.com/mza5zd9 The Reporting Persons believe that the Issuer and the Issuer’s management (the “Management”) and Board of Directors (the “Board”) have systematically failed to deliver shareholder value.  The current Management and the Board publicly announced a go-forward that plan indicates no improvement for shareholders. The Reporting Persons further believe that the Issuer is…

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Walter Could Still be Ocwen Déjà Vu

I could have titled this “Can Walter Investment Regain its Footing?” But why mess around with platitudes and innuendo? I think that there is a fair chance of the stock doubling or even tripling from here which is why I am writing about it.  Of course, it could also halve or go to zero on…

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Trinity Place Commences Rights Offering

Trinity Place Holdings Inc. (the “Company”) (TPHS) announced today that it has commenced its previously disclosed rights offering of up to 3,700,000 shares of its common stock. Under the terms of the rights offering, the Company will distribute 0.126093 non-transferable subscription rights to purchase shares of its common stock, for each share of its common…

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Stone Energy Emerges from Chapter 11

Stone Energy Corporation (SGY) (“Stone” or the “Company”) today announced that it successfully completed the conditions precedent to emerging from chapter 11 reorganization, and, accordingly, the Company’s Second Amended Joint Prepackaged Plan of Reorganization of Stone Energy Corporation and its Debtor Affiliates, dated December 28, 2016 (the “Plan”), that was confirmed on February 15, 2017…

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Raging Capital Files 13D on Rentech

Purpose of Transaction. The Reporting Persons believe that the securities of the Issuer are significantly undervalued and represent an attractive investment opportunity.  The Reporting Persons seek to engage in a constructive dialogue with the Issuer’s Board of Directors regarding opportunities to maximize shareholder value. Depending upon overall market conditions, other investment opportunities available to the Reporting…

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Highland Capital Presentation on RAIT Financial

On February 8, 2017, NexPoint Real Estate Advisors, LP, an affiliate of Highland Capital, sent a slide deck presentation (the “Presentation”) to the board of trustees of the Issuer. The Presentation provides additional information on the plans or proposals disclosed in earlier amendments to the Schedule 13D, and also contained in letters delivered to Mr. Michael J. Malter,…

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Vanguard Natural Resources Files Chapter 11

Link to Docket: http://cases.primeclerk.com/vanguard Vanguard Natural Resources, LLC (VNR) (together with its wholly owned subsidiaries, collectively, “Vanguard” or the “Company”) today announced that the Company has voluntarily filed petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division (the “Court”).  In connection…

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Azure Midstream Files Chapter 11

Bankruptcy Docket: www.kccllc.net/azuremlp Azure Midstream Partners, LP (the “Company“) (AZUR) today announced that the Company, along with its affiliates and certain subsidiaries, commenced Chapter 11 cases in the United States Bankruptcy Court for the Southern District of Texas in its continuing efforts to manage its debt obligations and conserve its going concern value. The Company anticipates…

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Why Ingevity Spin-Off Quickly 2-Bagged?

I recently updated the spreadsheet in which I track spinoff pipeline and post-spin stock performance.  Next I pulled up stock charts of spins from the past 12 months: I noticed a mix of losers, winners and even some flat-liners.   But one thing becomes crystal clear in looking at these charts: A very large majority…

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Ancora Wants Edgewater Board Held Accountable

Ancora Advisors Delivers Letter to Edgewater Technology Stockholders Responds to the Board’s Recent Letter Filled with Scare Tactics and Half-Truths Designed to Protect the Problematic and Value-Destructive Status Quo Confident that Stockholders Will See Directly Through Edgewater’s Obvious Distortions and Misrepresentations and Focus on the Facts Highlights the Real Issues that the Board Is Trying…

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Don’t Fret This Ocwen Short Attack

Quick commentary by Ocwen shareholder John Devaney of United Capital Markets (unedited): Yesterday Ocwen Financial Corp ( NYSE: OCN) declined 13%.     I continue to be a substantial holder of Ocwen Equity and supporter of the company and their  future prospects..   I’ve followed the “trade flows”, news, and  the fundaments for almost two years  now.      I continue …

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