Penn Virginia Corp. Soros discloses increased 9.18% stake (8.9% prior); Soros believes PVA should explore alternatives to enhance shareholder value - filing
- Reporting Persons have, from time to time, engaged in discussions with management of the Issuer regarding, among other things, the Issuers business, assets, prospects and strategic alternatives and direction. The Reporting Persons believe that the Issuer has been very well managed, and in fact that the financial incentives for its management team should be enhanced. However, the Reporting Persons also believe that the Issuer should explore strategic alternatives as a means to enhance or maximize shareholder value, and intend to continue to discuss the matters described above with the Issuer's management and may also seek to have conversations with the Issuers board of directors, as well as other shareholders of the Issuer, other industry participants, potential acquirers and other interested parties, and may take other steps seeking to bring about changes to increase shareholder value as well as pursue other plans or proposals