Sententia Capital Delivers Letter to LSC Communications' Board of Directors
March 10, 2020
NEW YORK (News release) -- Sententia Capital Management, LLC and its affiliates announced that it has delivered a letter to the LSC Communications Board of Directors.
The LSC Board lacks relevant turnaround, restructuring and mergers and acquisitions experience that is required to best serve shareholders rights. Sententia believes LSC's Board is responsible for the current state of LSC Communications and the Board may seek to expedite bankruptcy filings to preserve management's positions. Sententia is calling on the Board to engage with Sententia immediately for the benefit of all shareholders.
Sententia has nominated six directors and are committed to working for the benefit of shareholders and the Company, not simply management and the LSC Board.