{"id":266,"date":"2024-06-27T20:01:25","date_gmt":"2024-06-27T17:01:25","guid":{"rendered":"https:\/\/katscasinonodepositbonus.icu\/2024\/06\/27\/corvex-takes-control-of-kindred-pushing-for-sale\/"},"modified":"2024-06-27T20:01:25","modified_gmt":"2024-06-27T17:01:25","slug":"corvex-takes-control-of-kindred-pushing-for-sale","status":"publish","type":"post","link":"https:\/\/katscasinonodepositbonus.icu\/2024\/06\/27\/corvex-takes-control-of-kindred-pushing-for-sale\/","title":{"rendered":"Corvex Takes Control of Kindred, Pushing for Sale"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/A6Je1Ns646I\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Corvex, an active investment company, has declared its backing for the disposal of Kindred&#8217;s board after becoming the company&#8217;s biggest stakeholder.<\/p>\n<p>Corvex&#8217;s action to acquire a 10% interest in Kindred and promptly demand the board seek a sale has ignited widespread attention.<\/p>\n<p>iGB has discovered that Kindred&#8217;s board has indeed been in communication with other operators and private equity firms, but has been unable to locate a buyer willing to purchase the company at the prevailing price.<\/p>\n<p>According to sources, prospective buyers believe Kindred has been slow to adjust to local regulatory markets.<\/p>\n<p>Corvex has now amplified its stake in Kindred to 15.0%, surpassing another investment firm, Capital Group, to become Kindred&#8217;s largest shareholder.<\/p>\n<p>Corvex stated that with its augmented stake, it now intends to take part in the procedure of nominating Kindred directors.<\/p>\n<p>&#8220;As Kindred&#8217;s biggest shareholder, we intend to formally express our interest in participating in the nomination committee, which we understand will be established in late August or later,&#8221; said Keith Meister, founder of Corvex.<\/p>\n<p>Corvex&#8217;s action to become Kindred&#8217;s largest shareholder will see it elect a board that supports the sale of the company. <\/p>\n<p>We eagerly anticipate collaborating with representatives from Kindred&#8217;s other key stakeholders, as well as Kindred Chairman Evert Carlsson, on the newly formed nomination panel. We are confident that this panel should endeavor to nominate capable directors who will optimize long-term risk-adjusted value for all Kindred investors.<\/p>\n<p>Meister also restated his perspective on a potential sale and outlined his goal to advocate for the selection of a board that shares this viewpoint.<\/p>\n<p>&#8220;We are thrilled to be a substantial investor in this enterprise and believe that Kindred possesses a value significantly exceeding the current market price of Kindred shares,&#8221; he stated.<\/p>\n<p>&#8220;As we declared in our May 4 press release, we maintain our belief that Kindred should investigate all potential strategic alternatives, including the sale of the company. A board that fully comprehends and aligns with shareholder interests would be ideally positioned to evaluate potential options in relation to the company&#8217;s current operational strategy.&#8221;<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Corvex, an active investment company, has declared its backing for the disposal of Kindred&#8217;s board after becoming the company&#8217;s biggest stakeholder. Corvex&#8217;s action to acquire a 10% interest in Kindred and promptly demand the board seek a sale has ignited widespread attention. iGB has discovered that Kindred&#8217;s board has indeed been in communication with other [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Corvex Shakes Up Kindred: Board Out, Sale In?<\/title>\n<meta name=\"description\" content=\"Corvex, now Kindred\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/katscasinonodepositbonus.icu\/2024\/06\/27\/corvex-takes-control-of-kindred-pushing-for-sale\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Corvex Takes Control of Kindred, Pushing for Sale\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Corvex, now Kindred\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/katscasinonodepositbonus.icu\/2024\/06\/27\/corvex-takes-control-of-kindred-pushing-for-sale\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Unlock Your Casino Potential | Licensed Platform &amp; Latest Updates\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T17:01:25+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/katscasinonodepositbonus.icu\/2024\/06\/27\/corvex-takes-control-of-kindred-pushing-for-sale\/\",\"url\":\"https:\/\/katscasinonodepositbonus.icu\/2024\/06\/27\/corvex-takes-control-of-kindred-pushing-for-sale\/\",\"name\":\"Corvex Shakes Up Kindred: Board Out, Sale In?\",\"isPartOf\":{\"@id\":\"https:\/\/katscasinonodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-27T17:01:25+00:00\",\"dateModified\":\"2024-06-27T17:01:25+00:00\",\"author\":{\"@id\":\"https:\/\/katscasinonodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Corvex, now Kindred\",\"breadcrumb\":{\"@id\":\"https:\/\/katscasinonodepositbonus.icu\/2024\/06\/27\/corvex-takes-control-of-kindred-pushing-for-sale\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/katscasinonodepositbonus.icu\/2024\/06\/27\/corvex-takes-control-of-kindred-pushing-for-sale\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/katscasinonodepositbonus.icu\/2024\/06\/27\/corvex-takes-control-of-kindred-pushing-for-sale\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/katscasinonodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Corvex Takes Control of Kindred, Pushing for Sale\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/katscasinonodepositbonus.icu\/#website\",\"url\":\"https:\/\/katscasinonodepositbonus.icu\/\",\"name\":\"Unlock Your Casino Potential | Licensed Platform &amp; Latest Updates\",\"description\":\"Indulge in the thrill of licensed online gambling with our up-to-date news, comprehensive game reviews, and expert articles. 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