Articles from Mason Capital Management LLC

Mason Capital Management LLC (“Mason”), a significant, long-standing investor in Ascent Resources, LLC (“Ascent” or the “Company”), today announced that it has sent a letter to the Board of Managers of Ascent (the “Board”) regarding what it believes is a fundamentally flawed sale process, pursuant to which the Company’s controlling sponsor, The Energy & Minerals Group LP (“EMG”) intends to transfer its interests in Ascent into a newly formed continuation vehicle and repurchase interests from both the legacy fund’s limited partners and other Company unitholders at an implied present-value price of approximately $23.87 per share.

Mason Capital Management LLC (“Mason”), a registered investment advisor to funds and accounts holding approximately 3% of Grifols S.A. (“Grifols” or the “Company”) (BME: GRF) (NASDAQ: GRFS) class A shares, today announced that it sent a letter to the Grifols Board of Directors (the “Board”) expressing Mason’s support for the Company’s recommended slate of director candidates for election at the Ordinary General Shareholders’ Meeting to be held on June 4 and 5, 2025.

Mason Capital Management LLC (“Mason”), a registered investment advisor to funds and accounts owning 2.4% of the minority shares of JBS S.A. (“JBS” or the “Company”) (BVMF: JBSS3), today sent a letter to the United States Securities and Exchange Commission (“SEC”) urging the SEC to initiate an inquiry into recent proxy advisory recommendations issued by Institutional Shareholder Services Inc. (“ISS”) and Glass, Lewis & Co. (“Glass Lewis”) in connection with JBS’s proposed listing on the New York Stock Exchange (“NYSE”).

Mason Capital Management LLC (“Mason”), a registered investment advisor to funds and accounts holding approximately 2.5% of Grifols S.A. (“Grifols” or the “Company”) (BME: GRF) (NASDAQ: GRFS) class A shares, today sent a letter to the Spanish National Securities Market Commission (the “CNMV”) calling the CNMV’s attention to the troubling and value destructive lack of transparency by Grifols and its Board of Directors (the “Board”).

Mason Capital Management LLC (“Mason”), a registered investment advisor to funds and accounts holding approximately 2.1% of Grifols S.A. (“Grifols” or the “Company”) (BME: GRF) (NASDAQ: GRFS) class A shares, today sent a letter to the Grifols Board of Directors (the “Board”) requesting the disclosure of important information regarding Tomas Daga, a nearly 25-year member of the Board and the Grifols family’s closest advisor, so that Grifols shareholders have a better understanding of his relationship to Grifols and can make an informed decision about the suitability of his continued service on the Board.

Mason Capital Management LLC (“Mason”), a registered investment advisor to funds and accounts holding approximately 2.1% of Grifols S.A. (“Grifols” or the “Company”) (BME: GRF) (NASDAQ: GRFS) class A shares, today sent a letter to the Grifols Board of Directors (the “Board”). In the letter, Mason reiterated the Company’s corporate governance deficiencies, which have inflicted large losses on all shareholders and resulted in a rumored take-private by affiliates of Brookfield Asset Management LP and the Grifols family at a significant discount to fair value. Mason demands that Paul Herendeen be added to the Board as candidate designated by a group of minority shareholders in order to restore independent oversight at the Company and unlock shareholder value.

Mason Capital Management LLC (“Mason”), a registered investment advisor to funds and accounts holding approximately 2.1% of Grifols S.A. (“Grifols” or the “Company”) (BME: GRF) (NASDAQ: GRFS) class A shares, today sent a letter to the Grifols Board of Directors (the “Board”).

A consortium led by Mason Capital Management LLC (“Mason”), in partnership with IES Holdings, Inc. (Nasdaq: IESC), Nut Tree Capital Management, LP, 683 Capital Management, LLC, First Pacific Advisors, and other investors, today announced that it has entered into a definitive agreement to acquire the CB&I storage solutions business (“CB&I” or the “Company”), the world’s foremost designer and builder of storage facilities, tanks and terminals for energy and industrial markets, from McDermott International, Ltd. (“McDermott”).