Inclusive Capital Partners, L.P. Urges Corbion N.V. to Seek Strategic Alternatives
Inclusive Capital Partners, L.P. (“In-Cap”) Founder, Managing Partner and Portfolio Manager, Jeffrey Ubben sent a letter to Mathieu Vrijsen, Chair of the Supervisory Board of Corbion N.V. yesterday urging the company to seek strategic alternatives given the “malaise, concern, and apathy” among its public shareholders.
- Inclusive Capital Partners, L.P. (“In-Cap”) Founder, Managing Partner and Portfolio Manager, Jeffrey Ubben sent a letter to Mathieu Vrijsen, Chair of the Supervisory Board of Corbion N.V. yesterday urging the company to seek strategic alternatives given the “malaise, concern, and apathy” among its public shareholders.
- In the letter, Ubben further indicates that In-Cap has been in discussions with the company “over the past two and a half years.”
In addition to the attached letter, Ubben adds that, “Inclusive Capital (“In-Cap”) has been a meaningful shareholder in Corbion N.V. (“Corbion”) for more than two years. - Today, funds managed by In-Cap own 10% of Corbion’s outstanding shares, making In-Cap the company’s second largest share owner.
- The recent share price under-performance has been dramatic, particularly when considering that the company will grow cash flows approximately 15% this year.