Activist Client Lone Star Value Issues Open Letter to Endeavour International Shareholders
May 13, 2014
The Wall Street Journal and other media sources reported that Olshan activist client, Lone Star Value, issued an open letter to Endeavour International shareholders on May 13, 2014 stating its intention to vote in favor of the election of Jason Taubman Kalisman, a director nominee of Talisman Group Investments, L.L.C., at the upcoming 2014 Annual Meeting of Endeavour's shareholders. Lone Star Value expressed deep disappointment in Endeavor’s long history of poor performance and value destruction, and believes the Company can benefit from shareholder representation on the Board. Steve Wolosky and Ryan Nebel represent Lone Star Value in connection with its investment in Endeavor.