Welcome to our dedicated page for KIND-SDB news (Ticker: KIND-SDB), a resource for investors and traders seeking the latest updates and insights on KIND-SDB stock.
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On August 10, 2022, Corvex Management LP, the largest shareholder of Kindred Group PLC, announced ownership of 34,522,588 shares, over 15% of outstanding shares. Corvex plans to participate in the upcoming Nomination Committee and asserts that Kindred is undervalued in the market. They emphasize the importance of the Board evaluating all strategic alternatives, including a potential sale, to enhance shareholder value. Corvex expresses its commitment to work constructively with current management to maximize long-term value for all shareholders.
Corvex Management LP disclosed ownership of over 10% of Kindred Group plc's shares as of April 28, 2022. Corvex expressed enthusiasm about being major shareholders and emphasized the need for the Kindred Board to engage a global financial advisor to explore strategic alternatives, including potential sale or business combination opportunities. They highlighted the importance of an informed Board to assess all relevant market data for decision-making. Corvex has engaged positively with Kindred's leadership, signaling support for the company's growth in the online gaming sector.
