Company Overview of Crescendo Partners, L.P.
Crescendo Partners, L.P. is a principal investment firm based in New York City.
350 Park Avenue
New York, NY 10022
Key Executives for Crescendo Partners, L.P.
President and Chief Executive Officer
Compensation as of Fiscal Year 2014.
Crescendo Partners, L.P. Key Developments
Aéropostale Adopts Poison Pill For Any Bids
Nov 27 13
Aéropostale, Inc. (NYSE:ARO) has adopted a so-called 'poison pill' stockholder rights plan after Crescendo Partners, L.P. urged the company to sell the business. The new stockholder rights plan, Aeropostale says, is not intended to prevent an acquisition of the company, but to provide shareholders with time to assess a takeover bid and explore alternatives. "The board is not adopting the plan in response to any proposal to acquire control of the company. The plan is similar to plans adopted by other companies," it said. If a person acquires 10% or more of the company's outstanding stock or 15% or more for a passive institutional investor, each right will become exercisable and entitle its holder to purchase a number of shares of preferred stock.
Crescendo Partners Plans To Sell Aeropostale
Nov 21 13
Crescendo Partners, L.P. has sent a letter to the Board of Directors of Aéropostale, Inc. (NYSE:ARO), urging them to sell Aeropostale to maximize shareholder value.
Crescendo To Put MBC For Sale
Dec 27 12
Crescendo Partners, L.P. is urging the Board to put Michael Baker Corporation (MBC) up for sale. "We believe a sale of the company at this time would be the most prudent and effective way to deliver maximum value to shareholders on a risk-adjusted basis for both the short- and long-term," Crescendo Partners said. "Accordingly, we strongly urge the board to initiate a process to sell the company. We believe that numerous parties would be interested in the company and we are confident that a strategic buyer interested in purchasing the company at a significant premium could be found." "The board of directors will review the letter and respond in due course," a Michael Baker spokesman told the Pittsburgh Business Times.
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