Chez and Sabra Capital Update us on Cinedigm: Taking board nominations

The newly formed Chez / Sabra group updates us on what they are doing at Cinedigm. Recall that Sabra Capital officially went active back in May [parital paywall on thoughts]. Chez / Sabar says that they have spoken with the largest shareholder of Cindeigm (Chez owns 7.9%), and that this large shareholder is supporting Chez / Sabra in its quest to overhaul the board and put three directors on the board. 

They are looking to take over the whole board however and seeking members to fill the other positions (not sure if that's an open invite or not - but reach out to Ziv at Sabra if interested - he's active on SeekingAlpha as well).

Now, if you're serious about being a part of the change at Cindeigm, throw your hat in the ring as a board member by reaching out to Barry Fischer - he's heading up the search for Chez and works at the search firm Thompson. Email bffischer@thompsoncoburn.com. 

FrontFour Capital Opposing Legacy Oil + Gas Buyout

 FrontFour Capital, the activist involved with the Canadian oil company, Legacy Oil + Gas is voting against the buyout of Crescent Point Energy. In part, it doesn't like the deal structure - i.e. stock swap given Crescent's stock price.  

Since the deal was announced, Crescent's stock price has gone from C$30 to C$27. 

FrontFour notes: “In light of the structure of the transaction and current trading price of Crescent Point shares, we cannot support the plan of arrangement as proposed." 

The vote is set for June 30.

Hill International Needs More Time To Defend Against Bulldog Investors

Hill International is the target of Bulldog Investors [initial thoughts here], has adjourned its 2015 annual meeting in an effort to mount a better defense against Bulldog Investors. Bulldog got a win with the Delaware courts to be able to nominate 2 candidates for the Hill board. 

Recall that Hill rebuffed a $5.50 a share buyout offer from DC Capital earlier this year. Hill did recently ended its shareholder rights plan, making it a bit easier for a takeover.

The meeting is set for August 7. 

Also, the Hill board has ended its stockholder-rights plan, which would have made it easier for Richter to resist a takeover attempt, after shareholders objected, according to Richter. Hill employs 4,800 in 100 offices around the world.