IMVESCOR RESTAURANT GROUP INC. T.IRG

Crescendo Partners getting active in IRG

[dpunt32]

Crescendo Partners sends letter to Board of Imvescor Restaurant Group, Inc.

NEW YORK, Sept. 22, 2014 /CNW/ - Crescendo Partners, a shareholder of Imvescor Restaurant group, Inc.  ("Imvescor" or the "Company") (TSX: IRG) today announced that it has delivered a letter to the Board of Directors of the Company. In the letter, Crescendo Partners urges the Board of Directors of the Company to implement a meaningful annual dividend of $0.12 to $0.15 per share, which would imply a dividend yield of between 6.9% and 8.6%, respectively.  

[dpunt32]

here is full letter they sent to board..they think that with a dividend of 12c and 15c the stock can be worth between $2.07 and $2.59 per share, reflecting upside of 20% and 49% respectively  The full text of the letter is as follows: September 22, 2014 Imvescor Restaurant Group Attn: Board of Directors 774 Main Street, Suite 400 Moncton, NB E1C 9Y3 Dear Board of Directors

[Busker69]

Well I can note, that this is a double edged sword. While its good that Crescendo is heavilly invested in IRG and its letter notes IRG is a SOLID company. Good earnings(so far), good asset to liability ratio, good cash flow. The regular volume could be improved. If the head guys reject this, you will see a drop in share price as Crescendo dumping the stock and others. and they own like 10 percent