Capital Senior Living (CSU) Responds to Ortelius Advisors Letter

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Go back to Capital Senior Living (CSU) Responds to Ortelius Advisors Letter

Capital Senior Living Responds to Ortelius Advisors Letter

August 10, 2021 11:55 AM EDT

DALLAS--(BUSINESS WIRE)-- Capital Senior Living Corporation (Capital Senior Living or the Company) (NYSE: CSU) confirmed that it received a letter from Ortelius Advisors, L.P. (Ortelius) regarding the recently announced transactions with Conversant Capital LLC (Conversant).

The Company values constructive engagement with our stockholders and is committed to maximizing stockholder value. As previously announced, the Board of Directors of the Company engaged in a thorough process to explore strategic alternatives and seek financing sources for the Company to address its liquidity needs and following the completion of this review, the Board unanimously approved the proposed... More