Global Value Investment Corp. Issues Open Letter to Bristow Board, Requests Meeting to Present Operational Turnaround Plan
BRISTOW GROUP (BRS)
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Source: PR Newswire
MEQUON, Wis., May 7, 2019 /PRNewswire/ -- Global Value Investment Corp. ("GVIC"), a value-oriented investment research and advisory firm located in Mequon, Wisconsin, today issued an open letter to the Board of Directors of Bristow Group Inc. (NYSE: BRS) calling on the Board to publicly address questions about recent developments at Bristow.GVIC has published an operational turnaround plan, which can be viewed by visiting its website: https://www.gvi-corp.com/category/press-releases/. Additionally, for the benefit of all stakeholders, GVIC has made all of its previous written communications to Bristow's Board available on its website."There are many troubling questions that surround the recent actions taken by Bristow," said Jeffrey Geygan, President and CEO of GVIC. "In particular, we believe that Bristow's Board is rushing toward a Chapter 11 filing and is not fully and fairly considering all available alternatives."Questions put forward concern the promotion of Don Miller to CEO, B
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