Olshan Client Maglan Capital Delivers Letter To Madalena Energy
The Financial Post in Canada reported on Olshan client Maglan Capital’s public letter to Madalena Energy expressing serious concerns with the company's declining share price performance and outlining actions for the board to take to protect and enhance shareholder value. Maglan has asked that Madalena consider management changes, the sale of non-core assets of the Company, engaging with third-parties for potential partnerships and joint ventures and conducting a strategic review for the sale of the entire Company, merger or other strategic transaction. The complete letter can be found at CNW/PR Newsire. Olshan Partner Andrew Freedman is serving as legal and strategic advisor to Maglan Capital in connection with its investment and involvement at Madalena.