Delcath Systems: Activist Revised $3 per Share Offer, Informal Talks With Individual Board Members

Shareholders have multiple pressing questions to management and board of directors.
 
Sept. 9, 2014 - PRLog -- Dear Delcath Systems Board of Directors & Investors:

We are seeking talks with the Delcath Systems Board of Directors for an unsolicited non-binding offer for the company at $3 per share.

We are in informal talks with individual board members to present the offer to the board

We believe Delcath Systems can not continue the way it is set up. The structure of the company is illogical, inefficient and needs to be looked at.

Is the company serious about cutting costs from these high levels compared to the company's market cap?  Where is the accountability?

Spending levels are still too high for a company that has not even yet re-submitted materials for a new FDA trial.

The numerous shareholders we have discussed this with publicly and privately are angry at what the company has done in the past and how they have held on to their shares for so long while the market bounces higher. Can it continue for much longer?

Linkedto Partners would obtain cash or credit financing from a big Middle East investment fund it is collaborating with for the deal pending various potential due diligence on Delcath Systems. Linkedto Partners is also in discussion with private equity buyers who may want to be in on a deal.

Any shareholders with comments or feedback can contact us below.

Thanks.

Regards,

Neil Fromer

Linkedto Partners

Contact: Bayt Trust

Jonathan Sanders

206-203-4690

About Linkedto Partners: A family office investment firm incorporated in New York in 2009 focusing on a mix of value investments and activist special situations.  Bayt Trust is Linkedto Partner's fully owned advisory and communications division.

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Jonathan Sanders
***@bayttrust.com
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Tags:Revised, PR, Delcath Board, Informal Talks
Industry:Accounting, Biotech
Location:New York - United States
Subject:Events
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