SEACOR Marine Acknowledges Shareholder Letter from Pointillist Family Office Pushing Sale
SEACOR Marine Holdings Inc. (NYSE: SMHI) publicly acknowledged receipt of a shareholder letter from Pointillist Family Office, its top investor, urging the board to explore a sale of the offshore fleet operator.
SEACOR Marine Holdings Inc. (NYSE: ) acknowledged a shareholder letter from Pointillist Family Office, the company's largest investor, that calls on the board to pursue a sale of the offshore vessel operator [1]. The Houston-based provider of marine transportation services to offshore energy facilities confirmed receipt of the letter in a Monday filing.
Jorey Chernett, managing member of the Michigan-based investment fund, wrote that SEACOR's current share price does not reflect the company's net asset value or the earnings potential of its fleet [2]. The letter, sent Monday to SEACOR's board, represents the first public push from the activist holder to unlock shareholder value through a sale process.
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