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

Reuters
16 Oct 2023

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

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