Tuesday, April 28, 2015

Ex-Icahn Exec Suggests Internap Explore a Sale

RDG Capital Recommends Internap Explore a Potential Sale or Merger to Maximize Shareholder Value.

RDG Capital - which is run by the former President of Icahn Associates, Russell Glass, issued a press release suggesting INAP could be worth $16-$19 per share in a sale transaction.   The stock is currently trading around $10.40/share.

The full text of RDG's letter, including a list of potential buyers, can be found here.