RE:RE:RE:RE:Activist puts pressure on SupremexInteresting. But this is a very different situation. If you go back a while Supremex may have had some chunks of years when results were subpar. But over the last two years or so management (and everyone else) appear to have done a great job.
I'll be surprised if GC gets into a fight with the Supremex board but I guess it's possible. Offhand, I can think of only two things he would push for:
(1) sale-leaseback of the two owned facilities;
(2) sale of the entire company.
If management argues that there's more value in continuing to build operations for a while (rather than rushing to sell the company), well, I'd say shareholders owe them a hearing. But hard to say how that kind of thing would turn out.
GC may have already reached out to the Article 6 Marital Trust. If they are open to the idea of a sale of the company I would think that this time they'll have the brains to let the board of directors coordinate the sale process and signing of the lock-ups and not just go off and sign something by themselves--as they did with Galvanic.