Hedge Fund Selwood Urges RWE to Give Clarity on Share Buyback [Financial Post (Toronto, Ontario, Canada)]
RWE AG ORD S/ADR (RWEOY)
NASDAQ:AMEX Investor Relations:
rwe.com/web/cms/en/105818/rwe/investor-relations
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Source: Financial Post
the energy company's stock continues to lag behind its peers, according to activist investor Selwood Asset Management. Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Germany's RWE AG management should provide clarity on whether a share buyback program will be extended at scale or rule it out to end speculation, as the energy company's stock continues to lag behind its peers, according to activist investor Selwood Asset Management. “Earlier this year, the lack of clarity on this issue fueled false hope and speculation among investors,” Karim Moussalem, chief investment officer for equities at Selwood wrote in a letter to RWE's management. “If there is no genuine intention to pursue a buyback program, I strongly urge management to rule it out entirely, or at least provide a private explanation to shareholders outlining the reasons behind this decision.” RWE's share price is down about 24% this
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