BRIEF-Jat Capital Mgmt Lp Reports 9.1% Stake In Overstock.Com Inc. As Of October 12

Reuters

2023-10-16

Oct 16 (Reuters) - JAT CAPITAL MGMT LP:

* JAT CAPITAL MGMT LP REPORTS 9.1% STAKE IN OVERSTOCK.COM INC. AS OF OCTOBER 12- SEC FILING

* JAT CAPITAL MGMT LP BELIEVE OVERSTOCK.COM SECURITIES, WHEN PURCHASED, WERE UNDERVALUED AND REPRESENT ATTRACTIVE LONG-TERM INVESTMENT OPPORTUNITY

* JAT CAPITAL MGMT LP SAYS ON OCT 12, SENT A LETTER TO OVERSTOCK.COM INC'S BOARD THAT INCLUDED OPERATIONAL RECOMMENDATIONS FOR BOARD TO CONSIDER

* JAT CAPITAL MGMT-IN LETTER, ASKS OVERSTOCK.COM TO CONDUCT IMMEDIATE STRATEGIC REVIEW OF CO'S NON-CORE ASSETS, INCLUDING EVALUATION OF POTENTIAL SALE/SPIN-OFF

Further company coverage:

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

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As Of  October 12\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2023-10-16 22:08</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html><body><p>Oct 16 (Reuters) - JAT CAPITAL MGMT LP:</p><p>   * JAT CAPITAL MGMT LP REPORTS 9.1% STAKE IN OVERSTOCK.COM INC. 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