Actionable Opportunities in Special Situations: Spinoffs, Bankruptcy, Restructurings

Activist Target

Activist takes 10% Position in Recent Spinoff California Resources Corp (CRC)

Eric W. Mandelblatt’s Soroban Capital Partners has taken up a 10% activist position (38.5mm shares) in California Resources Corp (CRC), according to a filing on with the SEC. Soroban is the first hedge fund to disclose such a position in the recently spun-off company. Source

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