Vero Beach, Florida - As Barnwell Industries Inc. prepares for its upcoming 2025 Annual Meeting, the Sherwood Group, a significant shareholder with a 29.90% stake in the company, has issued voting recommendations to fellow shareholders. Following a closely contested Consent Solicitation effort, the Sherwood Group urges shareholders to support their Board nominees to address concerns over Barnwell's financial stability and management practices. The group's recommendations come amidst ongoing legal proceedings in Delaware, where Barnwell's current management seeks to prevent Sherwood's nominees from appearing on the ballot. The outcome of this legal battle will determine if shareholders will have the opportunity to elect new directors and influence Barnwell's future direction.
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