Marlton Partners Comments On Source Capital Proposal To Merge With 180 Degree Capital; Calls On 180 Capital Corp's Board Of Directors To Engage With Source And Pursue Best Path To Maximize Shareholder Value
Benzinga Newsdesk 1 year ago
M&ANewsManagement
Calls on 180 Capital Corp's Board of Directors to Engage with Source and Pursue Best Path to Maximize Shareholder ValueCHICAGO, Jan. 27, 2025 /PRNewswire/ -- Marlton Partners L.P. (together with its affiliates and group
Calls on 180 Capital Corp's Board of Directors to Engage with Source and Pursue Best Path to Maximize Shareholder Value
CHICAGO, Jan. 27, 2025 /PRNewswire/ -- Marlton Partners L.P. (together with its affiliates and group members, "Marlton" or "we"), beneficial owners of approximately 4.6% of the outstanding stock of 180 Degree Capital Corp. (NASDAQ:TURN) (the "Company"), today issued the following statement calling on the TURN Board of Directors (the "Board") to engage with Source Capital (NYSE: SOR) ("Source") and consider its proposed merger with TURN as announced on January 24, 2025.
We are pleased that additional market participants are beginning to appreciate our long-held view that the value of TURN's assets significantly exceed the Company's current stock price and market capitalization.