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BRIEF-PL Capital Advisors Sends Presentation To Horizon Bancorp Board And Management

Reuters
10/28
BRIEF-PL Capital Advisors Sends Presentation To Horizon Bancorp Board And Management

Oct 28 (Reuters) - PL Capital Advisors:

  • PL CAPITAL ADVISORS, LLC SENDS PRESENTATION TO HORIZON BANCORP BOARD AND MANAGEMENT

  • PL CAPITAL ADVISORS - HORIZON SHOULD CEASE ALL BUYSIDE ACQUISITION ACTIVITIES AND INSTEAD FOCUS ON ORGANIC GROWTH, INCREASING CORE EARNINGS

  • PL CAPITAL ADVISORS - IF HORIZON DOES AN ACQUISITION IN FUTURE, WE WILL LIKELY RUN A “VOTE NO” CAMPAIGN AGAINST ISSUING SHARES IN TRANSACTION

  • PL CAPITAL ADVISORS - HORIZON’S INCENTIVE PLANS FOCUS ON "WRONG METRICS"; EXECUTIVE MANAGEMENT AND BOARD STOCK OWNERSHIP IS NOT SUFFICIENT

  • PL CAPITAL ADVISORS - HORIZON SHOULD RETAIN A FINANCIAL ADVISOR TO HELP EVALUATE THEN ENGAGE WITH POTENTIAL ACQUIRERS

Source text: ID:nGNX6HVkfJ

Further company coverage: HBNC.O

((Reuters.Briefs@thomsonreuters.com;;))

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