Kimmeridge Energy Calls on Resolute Energy to Pursue a Sale or Combination
RESOLUTE ENERGY (REN)
Last resolute energy earnings: 11/5 04:15 pm
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US:NYSE Investor Relations:
resoluteenergy.com/investors-overview
Company Research
Source: PR Newswire
NEW YORK, Oct. 19, 2018 /PRNewswire/ -- Kimmeridge Energy Management Company, LLC, beneficial owners of almost 10% of the common shares of Resolute Energy Corporation (NYSE: REN), today sent the following letter to Resolute's Board of Directors. October 19, 2018Resolute Energy Corporation1700 Lincoln Street, Suite 2800 Denver, CO 80203Attention: Board of DirectorsDear Members of the Board,As beneficial owners of almost 10% of Resolute Energy Corporation ("Resolute" or the "Company") shares, we are writing to you today as concerned shareholders.In 2017, Kimmeridge acquired a position in Resolute based on our belief that the Company's assets were materially undervalued in the market and that the Company had an opportunity to deliver significant value to shareholders by improving operational execution and engaging in appropriate strategic combinations or a sale of the Company. Yet since the time we invested in the Company, Resolute has continually failed to deliver on the promises made
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