BRIEF-Ned L. Sherwood Delivered Letter To Board Of Navios Maritime Partners LP

Reuters11-20
BRIEF-Ned L. Sherwood Delivered Letter To Board Of <a href="https://laohu8.com/S/NMM">Navios Maritime Partners</a> LP

Nov 20 (Reuters) - Navios Maritime Partners LP NMM.N:

  • NED L. SHERWOOD - DELIVERED LETTER TO BOARD OF NAVIOS MARITIME PARTNERS LP

  • NED L. SHERWOOD - INTENDS TO HAVE CONVERSATIONS WITH NAVIOS MARITIME PARTNERS TO DISCUSS BUSINESS, STRATEGIES AND OTHER MATTERS RELATED TO NAVIOS

  • NED L. SHERWOOD - COMMUNICATIONS MAY INCLUDE DISCUSSION OF OPTIONS FOR ENHANCING NAVIOS MARITIME PARTNERS' UNITHOLDER VALUE

  • NED L. SHERWOOD - REITERATING REQUEST THAT FRANGOU, NMM BOARD TAKE THE ACTIONS TO UNLOCK SIGNIFICANT UNDERVALUATION OF NMM UNITS

  • NED L. SHERWOOD - REITERATING REQUEST THAT NMM BOARD REMOVE ALL ANTI-TAKEOVER PROVISIONS FROM NMM‘S MARSHALL ISLAND CHARTER

  • NED L. SHERWOOD - REQUEST NMM BOARD FORCE FRANGOU TO MERGE HER PRIVATELY HELD SHIP MANAGEMENT ENTITY INTO NMM (AT REASONABLE VALUATION)

  • NED L. SHERWOOD - REQUEST NMM BOARD HIRE INVESTMENT BANKERS TO REVIEW OFFERS FOR THE VARIOUS SEGMENTS OF NMM (DRY BULK, CONTAINER, AND TANKER)

  • NED L. SHERWOOD - NMM SHOULD CEASE PURCHASING NEW SHIPS AND INSTEAD IMMEDIATELY BUYBACK EQUITY UNTIL THE UNIT PRICE REACHES A PRICE CLOSER TO NAV

  • NED L. SHERWOOD - URGE NMM TO ACCELERATE THE BUYBACK AND SPEND ENTIRE $100 MILLION AUTHORIZATION AND FOLLOW IT UP WITH ANOTHER $100 MILLION OR MORE

  • NED L. SHERWOOD REPORTS 7.24% STAKE IN NAVIOS MARITIME PARTNERS L.P AS OF NOV 20, 2024 VERSUS 5.4% AS OF NOV 28, 2023

Source text: [ID:n0001213900-24-100373]

Further company coverage: NMM.N

((Reuters.Briefs@thomsonreuters.com;))

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