Star Equity Fund Issues Statement on Successful Campaign at Superior Drilling Products
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 08 2024
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Source: Newsfilter
- Star Equity Fund's Influence: Star Equity Fund successfully pushed for the sale of Superior Drilling Products, Inc. to Drilling Tools International.
- Catalyzing the Sale: The fund believed that their pressure led to SDPI's decision to explore strategic alternatives and ultimately sell itself.
- Support for the Sale: Star Equity Fund expressed support for the sale to DTI, believing it aligns with maximizing value for shareholders.
- Disappointment in SDPI Board: While pleased with the outcome, the fund criticized the SDPI Board's handling of the sale process.
- Future Outlook: Star Equity Fund looks forward to voting for the sale and anticipates improved corporate governance post-transaction.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
