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BRIEF-Rational Investment Group Delivers Letter To Special Committee Of Tree Island Steel

Published 2019-07-23, 09:30 a/m
© Reuters.  BRIEF-Rational Investment Group Delivers Letter To Special Committee Of Tree Island Steel
TSL
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July 23 (Reuters) - Tree Island Steel Ltd TSL.TO :

* RATIONAL INVESTMENT GROUP DELIVERS LETTER TO THE SPECIAL COMMITTEE OF TREE ISLAND STEEL

* RATIONAL INVESTMENT GROUP - TREE ISLAND IS CONSERVATIVELY WORTH $4.49 PER SHARE

* RATIONAL INVESTMENT GROUP - DELIVERED A LETTER TO TREE ISLAND RELATED TO NON-BINDING PROPOSAL TO TAKE COMPANY PRIVATE AT $2.25 PER SHARE

* RATIONAL INVESTMENT GROUP SAYS EXPECT TREE ISLAND'S UPCOMING Q2 RESULTS WILL BE POOR DUE TO LINGERING EFFECTS OF THE TARIFFS

* RATIONAL INVESTMENT GROUP - TREE ISLAND STEEL SHOULD NEGOTIATE A BETTER PRICE OR RECOMMEND THAT INSIDER OFFER BE REJECTED

* RATIONAL INVESTMENT GROUP SAYS EXPECT THAT BY H2, CO'S REPORTED RESULTS WILL BEGIN TO REFLECT THE BENEFITS OF CAPITAL INVESTMENT DEVELOPMENTS

* RATIONAL INVESTMENT GROUP - BELIEVE TREE ISLAND SHARES TRADE AT A SIGNIFICANT DISCOUNT TO THEIR INTRINSIC VALUE

* RATIONAL INVESTMENT GROUP - ESTIMATE THAT TREE ISLAND'S OWNED REAL ESTATE IS WORTH APPROXIMATELY $83 MILLION

* RATIONAL INVESTMENT GROUP - URGE TREE ISLAND STEEL TO HAVE PWC PREPARE OR OTHERWISE OBTAIN AN APPRAISAL OF ITS OWNED REAL ESTATE

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