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Stock impact report

Oksenholt Capital Slams City Office REIT’s “Lowball” Elliott Capital Offer, Calls for New Leadership and Strategic Restructuring

City Office REIT, Inc. (CIO) 
NASDAQ:AMEX Investor Relations: cityofficereit.com
Company Research Source: Business Wire
  SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Oksenholt Capital Management LLC (“Oksenholt Capital”) today announced that its Chief Executive Officer, Jon Oksenholt, has sent a formal letter to the Chairman of the Board of City Office REIT, Inc. (NYSE: CIO), outlining serious concerns about the company’s leadership, performance, and opposition to the proposed merger with affiliates of Elliott Capital.The letter identified several issues related to City Office REIT, Inc.’s (“CIO”) current management and voiced opposition to the pending proposed acquisition/merger with affiliates of Elliott Capital.Affiliates of Oksenholt Capital Management LLC have Acquired Several Hundred Thousand Shares of City Office REIT, Inc., Comprising More than the Individual Ownership of the CEO of City Office REIT, Inc.They have lost confidence in City's Present LeadershipThey believe the company is Significantly Undervalued and Proposes Restructuring Plan & Recommends Voting “NO” on Proposed Acquisition/Merger wi Show less Read more
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