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Halcon Resources: Fir Tree Calls for Sale of Halcón and Appointment of Two Independent Directors

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NEW YORK , Feb. 4, 2019 /PRNewswire/ -- Fir Tree Capital Management LP ("Fir Tree"), manager of certain funds that together have economic exposure to approximately 7.2% of the common stock of Halcón Resources Corporation ("Halcón" or "the Company") (NYSE: HK), today issued an open letter and presentation to the Board of Directors of Halcón (the "Board") urging the Company to work with shareholders to immediately appoint two independent directors to lead a process to sell for cash and/or stock the entire Company and to cut its excessive corporate overhead. The presentation referenced in the letter can ...

Mentions: Management bankruptcy Sale