| LONDON/BENGALURU, Sept 29
Johnston Press
shareholder Crystal Amber Fund Ltd can help management
avoid a poor debt restructuring deal, the hedge fund’s chief
executive officer told Reuters.
“We have a good track record of assisting companies,”
Richard Bernstein told Reuters on Tuesday, ahead of
London-listed activist manager Crystal Amber disclosing it had
raised its stake in Johnston Press to 6.74 percent from 5.42
percent.
The rise in shareholding came after a 11.5 percent slide in
the stock on Sept. 14.
“Our experience is that good management teams welcome our
involvement. We hope that management at Johnston Press will
allow us to help,” he said.
More than 93 percent has…
Read the full article at: http://www.reuters.com/article/johnston-press-crystal-amber-activist-idUSL3N1C535Q