Venture Capital

Activist Reveals Carrizo Stake And Wants Driller To Consider Sale

by finance.yahoo.com posted 1year ago 49 views
(Bloomberg) -- Activist investor Lion Point Capital has built a position in Carrizo Oil & Gas Inc. and wants the driller to explore a sale or merger with another Permian explorer to gain scale. The New York-based hedge fund has an economic exposure to about 6 percent of Carrizo and believes the company is undervalued, according to a filing Monday. Lion Point, which was founded by a former Elliott Management Corp. executive, has held discussions with management about its views.

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