Maglan Urges FairPoint (FRP) to Establish Buyback, Review Options
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Maglan Capital Delivers Letter to FairPoint Communications CEO and Board of Directors
August 4, 2016 2:26 PM EDTNEW YORK, Aug. 4, 2016 /PRNewswire/ --Â Maglan Capital LP, together with its affiliates ("Maglan Capital"), one of the largest and longest-term shareholders of FairPoint Communications, Inc. (Nasdaq: FRP) ("FairPoint" or the "Company") with beneficial ownership of approximately 7.5% of the Company's outstanding shares of common stock, today announced that it has delivered a letter to Paul Sunu, FairPoint's Chief Executive Officer, and to the other members of FairPoint's Board of Directors.
The full text of Maglan Capital's letter to FairPoint:
August 4, 2016
Members of the Board of Directorsc/o Paul Sunu, CEOFairPoint Communications,... More
