DG Capital Sends a Letter to Blueknight Energy Partners
November 16, 2021 at 12:29 pm EST
On November 16, 2021, DG Capital Management, LLC announced that it believes the consideration being offered for the common units in the proposed transaction substantially undervalues the common units. As a result, DG Capital currently intends to oppose the transaction, including with respect to the common units beneficially owned by it. On October 12, 2021, DG Capital delivered to the Board a letter expressing its opposition to the proposed transaction.