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Maglan Capital Solidifies Position in FairPoint Communications; Sends Letter to Company’s Board

Maglan Capital reported, in a newly amended filing with the SEC, slightly increasing its position in FairPoint Communications Inc (NASDAQ:FRP). The hedge fund now holds around 1.65 million shares of the company, versus some 1.60 million disclosed earlier. At the same time, Maglan sent a letter to FairPoint expressing its concern regarding the Board’s attitude towards shareholder value.

FairPoint Communications Inc (NASDAQ:FRP)

The letter can be accessed through the link below:

Maglan Capital letter to FairPoint

Disclosure: none

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