Activist Clients Bristol Capital Advisors and Lone Star Value Make Headlines with the Launch of a Campaign to Elect 10 Directors at Miller Energy
The Wall Street Journal, The Motley Fool, The Deal Pipeline and numerous other national media outlets reported on the launch of a campaign by Olshan clients, Bristol Capital Advisors and Lone Star Value, to improve the board of directors of Miller Energy, an oil and gas exploration and productions company, by seeking the election of 10 directors at Miller Energy’s 2014 Annual Meeting. Bristol Capital and Lone Star Value formed Concerned Miller Shareholders (CMS), a group that seeks to reconstitute Miller's board and replacing its senior management. In a letter to Miller Energy’s shareholders, the investors outlined significant concerns with the operations of the company, including incompetent and excessively compensated management, widespread self-dealing and lack of proper Board oversight. Steve Wolosky, Meagan Reda and Ryan Nebel represent the Concerned Miller Shareholders in connection with their election contest at Miller Energy.