Beom Jong News Today

Press release content from Business Wire. The AP news staff was not involved in its creation. Whitebox Advisors Sends Letter to the Board of Directors of LG Corporation December 14, 2020 GMT Whitebox Advisors LLC today sent the below letter to LG Corporation’s Board of Directors. *** Koo, Kwang Mo Dear Members of the Board of Directors, As you are aware, Whitebox Advisors LLC (together with its affiliates, “Whitebox” or “we”) owns a significant stake in LG Corporation (“LG” or th...

Whitebox Advisors LLC: Whitebox Advisors Sends Letter to the Board of Directors of LG Corporation Asserts LGs Recently-Announced Proposed Spin-Off Would Fail to Create Value for Long-Suffering Minority Shareholders Believes the Board Should Focus on Narrowing LGs Staggering Trading Price Discount, Which is Currently 69% Relative to Net Asset Value Encourages the Board to Abandon Anti-Shareholder Maneuvers in Favor of Improving LGs Corporate Governance and Implementing the Companys Long-Delayed ...