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Activist Letters and Presentations

A curated feed of letters and presentations from activist investors.

activistletters

STAAR Surgical (STAA): Broadwood Partners Urges Shareholders to Reject Alcon Merger Over Governance and Valuation Concerns

Summary Broadwood Partners’ presentation argues that STAAR Surgical’s sale to Alcon is ill-timed, flawed, and undervalued. It claims STAAR’
Oct 2, 2025
activistletters

Broadwood Partners Challenges STAAR Surgical (STAA)–Alcon Deal, Citing Flawed Sale Process and Board Conflicts

Company Name: STAAR Surgical Company Symbol: STAA Filing Date: Oct-02-2025 Filer Name: Broadwood Partners L.P. Download PresentationBroadwood-Oct-02-2025.pdf10 MBdownload-circle
Oct 2, 2025
activistletters

Khrom Capital Pushes Acadia Healthcare (ACHC) Board to Pursue Sale, Slams Entrenched Leadership and Poor Capital Allocation

Summary Khrom Capital, owning 5.5% of Acadia Healthcare, criticized the company’s decade-long underperformance, poor capital allocation, and entrenched
Oct 1, 2025
activistletters

Acadia Healthcare (ACHC): Khrom Capital Urges Strategic Review, Citing Decade of Value Destruction and Governance Failures

Board of Directors Acadia Healthcare Company, Inc. 6100 Tower Circle, Suite 1000 Franklin, TN 37067 Dear Members of the Board,
Oct 1, 2025
activistletters

STAAR Surgical (STAA): Broadwood Capital Urges Shareholders to Reject Alcon Merger, Highlighting Governance Conflicts and Poor Timing

Summary Broadwood Capital, owning 27.5% of STAAR Surgical, urged shareholders to vote against the proposed $28-per-share sale to Alcon,
Sep 26, 2025
activistletters

Broadwood Capital Opposes STAAR Surgical (STAA) Sale to Alcon, Citing Conflicts, Flawed Process, and Undervalued Offer

Broadwood Capital, Inc. September 24, 2025 Dear Fellow STAAR Surgical Stockholders, Broadwood Partners, L.P. and its affiliates (collectively, “Broadwood,
Sep 26, 2025
activistletters

Jon Litt’s Land & Buildings Urges Six Flags (FUN) to Monetize Real Estate, Citing 75–130% Upside from REIT Strategy and Recovery Plan

Summary Land & Buildings, a major shareholder of Six Flags Entertainment (NYSE: FUN), urged the company to unlock its “trapped”
Sep 26, 2025
activistletters

Land & Buildings Pressures Six Flags (FUN) to Unlock $6B in Real Estate Value Through REIT Spin-Out and Operational Turnaround

Land & Buildings Issues Letter Detailing Why Now is the Time to Finally Unlock Six Flags' Substantial Trapped Real
Sep 26, 2025
activistletters

Al Hartman Presses Silver Star Properties REIT (SLVS) Holders: Reject Current Board, Back Liquidation Plan Amid Alleged Misconduct and Value Destruction

Summary Al Hartman’s Hartman Shareholder Alliance urges Silver Star investors to vote the BLUE proxy as a “last chance”
Sep 24, 2025
activistletters

Silver Star Properties REIT (SLVS): Al Hartman/Hartman Shareholder Alliance Urges BLUE Vote for Orderly Liquidation, Citing Mismanagement and Governance Failures

Your Last Chance to Protect Your Investment September 24, 2025 Dear Shareholder, This is your final opportunity to save what
Sep 24, 2025
activistletters

Broadwood Partners Challenges STAAR Surgical (STAA) Sale to Alcon, Citing Inopportune Timing, Governance Issues, and Undervaluation

Summary Broadwood Partners, STAAR Surgical’s largest shareholder with a 27.5% stake, urged stockholders to vote against the proposed
Sep 24, 2025
activistletters

STAAR Surgical (STAA): Broadwood Partners (27.5% Holder) Urges Shareholders to Reject Alcon Merger Over Flawed Process and Conflicts

September 24, 2025 Dear Fellow STAAR Surgical Stockholders, Broadwood Partners, L.P. and its affiliates (collectively, “Broadwood,” “we,” “us,” or
Sep 24, 2025
activistletters

Yunqi Capital Challenges STAAR Surgical (STAA)–Alcon Deal, Citing Undervaluation, Weak China Outlook Assumptions, and Governance Failures

Summary Yunqi Capital, a 5.1% shareholder of STAAR Surgical, announced it will vote against the company’s proposed $28
Sep 22, 2025
activistletters

STAAR Surgical (STAA): Yunqi Capital (5.1% Holder) Opposes $28/Share Sale to Alcon, Slams Board’s Flawed Process

Yunqi Capital, 5.1% Holder and One of STAAR Surgical Company’s Largest Shareholders, Announces Intention to Vote Against the
Sep 22, 2025
activistletters

Silver Star Properties (SLVS): Hartman Highlights 20 Years of Outperformance, Accuses Current Board of Mismanagement and Regulatory Failures

Company Name: Silver Star Properties Reit Inc Symbol: SLVS Filing Date: Sep-19-2025 Filer Name: Hartman Allen R Download PresentationHartman-Silver Star-Sep-19-2025.
Sep 19, 2025
activistletters

Hartman Shareholder Alliance Blasts Silver Star Properties (SLVS) Board for Value Destruction, Urges Return to Proven Leadership

Summary The September 19, 2025 Hartman Shareholder Alliance letter to Silver Star shareholders reiterates that under Hartman’s leadership the
Sep 19, 2025
activistletters

DallasNews Corp. (DALN): MNG Proposes Superior Merger Agreement at 21% Premium, Vows to Preserve The Dallas Morning News

Summary MNG Enterprises submitted a proposed merger agreement to DallasNews Corporation offering $20 per share in cash—about a 21%
Sep 19, 2025
activistletters

MNG Enterprises Submits $20/Share Offer for DallasNews Corp. (DALN), Topping Hearst’s Bid and Pledging Editorial Independence

September 19, 2025 Board of Directors DallasNews Corporation c/o the Secretary P. O. Box 224866 Dallas, TX 75222-4866 Dear
Sep 19, 2025
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