DAYTONA BEACH, Fla.–(BUSINESS WIRE)–Consolidated-Tomoka Land Co. (NYSE MKT: CTO) (CTO or the Company)
today sent a letter to Wintergreen Advisers, LLC (Wintergreen) in
response to the letter publicly filed by Wintergreen on January 23, 2017.
The company also issued the following statement:
Wintergreens position with regard to its proposed director nominations
has no legal merit. The facts are simple: Wintergreen is not a
shareholder of record of Consolidated-Tomoka. The Companys bylaws
clearly state that record ownership, not just beneficial ownership, is
required to nominate director candidates to stand for election at the
Companys …
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