WE ARE CONCERNED WITH THE COMPANY'S CURRENT REACTIONARY PATHThe Board has been reactionary rather than proactive. The Company has dismissed multiple acquisition offers. In April 2008 an offer was made to purchase the entire Company for $43 to $45 per share, which represented a 35% to 45% premium to market at the time. In May 2008, the Company announced its intention to sell Fisher Plaza. In June 2008, stockholders found out about the April offer not from the Company, but from another stockholder through a filing with the SEC.
FrontFour Delivers Letter To Fisher Communications Stockholders
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