other material
confidence high
sentiment negative
materiality 0.65
Barnwell corrects Sherwood's misleading consent solicitation claims; Kinzler opposes takeover
BARNWELL INDUSTRIES INC
- Alex Kinzler submitted consent for one share to start Sherwood's 60-day solicitation period; he does NOT support the takeover.
- Sherwood seeks to replace entire Board without paying a premium to shareholders.
- Shareholders urged to discard blue consent card from Sherwood; contact Okapi Partners to revoke prior consents.
- Current Board and Kinzler are defending against the costly and distracting consent solicitation.