Activist investors Converium Capital and Erez Capital Management have jointly acquired a 6.8% stake in Franklin Street Properties Corp. This significant investment indicates a strong belief in the company's underlying value.
The investors are actively pursuing board representation, stating their conviction that FSP's shares are undervalued. They believe the current share price does not accurately reflect the intrinsic value of the company's real estate assets.
This move by Converium Capital and Erez Capital Management suggests a push for potential strategic or operational changes within Franklin Street Properties. Such activist involvement often aims to unlock shareholder value through various initiatives.
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