Maglan Urges FairPoint (FRP) to Establish Buyback, Review Options
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/23/2026
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- One killed, three injured when man attacks Swedish school with sword
Maglan Capital Delivers Letter to FairPoint Communications CEO and Board of Directors
August 4, 2016 2:26 PM EDTNEW YORK, Aug. 4, 2016 /PRNewswire/ --Â Maglan Capital LP, together with its affiliates ("Maglan Capital"), one of the largest and longest-term shareholders of FairPoint Communications, Inc. (Nasdaq: FRP) ("FairPoint" or the "Company") with beneficial ownership of approximately 7.5% of the Company's outstanding shares of common stock, today announced that it has delivered a letter to Paul Sunu, FairPoint's Chief Executive Officer, and to the other members of FairPoint's Board of Directors.
The full text of Maglan Capital's letter to FairPoint:
August 4, 2016
Members of the Board of Directorsc/o Paul Sunu, CEOFairPoint Communications,... More
