Activist Investor Renews Attack on Thomas Barrack’s Colony Capital
Blackwells Capital Issues Open Letter to Colony Capital Board of Directors, Calling for Removal of CEO Tom Barrack and Other Urgent Steps to Reverse Continued Value Destruction
NEW YORK, March 05, 2020 (GLOBE NEWSWIRE) — Blackwells Capital LLC (together with its affiliates “Blackwells”), an alternative investment management firm with ownership representing an approximately 2% interest in Colony Capital, Inc. (NYSE: CLNY) (“Colony” or the “Company”), today issued an open letter to the Company’s Board of Directors (the “Board”). Blackwells called on the…
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