Cinedigm Corp. added four new directors to its board last week after reaching a settlement with activist investors.
It’s been heavily targeted by Ronald Chez and Sabra Capital over its performance. They’ve been pushing for a $15 million share buyback, and cost controls.
New director are Blair Westlake, Andrew Schuon, Patrick O’Brien and Zvi Rhine of Sabra Capital.
ValueWalk's Raul Panganiban interviews Joseph Cioffi, Author of Credit Chronometer and Partner at Davis + Gilbert where he is Chair of the Insolvency, Creditor’s Rights & Financial Products Practice Group. In the interview, we discuss the findings of the 3rd Annual report. Q2 2021 hedge fund letters, conferences and more The following is a computer Read More
As part of the agreement, Chez has been named a strategic advisor to the company, weighing in on the company’s financing and capital structure, as well as strategic transactions such as potential acquisitions.
This is a big win for activists. The big question remaining, do they have the right answers. Schuon is the co-founder of Revolt Media TV, a music-oriented digital cable television network that is owned by Sean “Diddy” Combs, and is