InsideArbitrage Potential Deal Alert: Hedge fund Irenic Capital Urged Reservoir Media (RSVR) to Undertake a Full Strategic Review

POTENTIAL DEAL DETAILS

Hedge fund Irenic Capital Management, which owns 8.1% of Reservoir Media (RSVR), said in a 13D filing that the company’s shares are substantially undervalued. It urged the company to undertake a full strategic review of all alternatives to maximize shareholder value and to form a special committee of the Board to oversee such a review process.

Reservoir Media, Inc. Investor Relations

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.