Charlotte, N.C. — Campus Crest Group (CCG) has entered into an agreement with Clinton Group and its affiliated funds that will restructure the company’s board of directors.
Clinton Group Enlists Campus Evolution Villages In Proxy Contest for Campus Crest Group; CCG Exploring Strategic Alternatives
NEW YORK — Clinton Group has launched a proxy contest for the board of Campus Crest Group (NYSE:CCG), and has named Campus Evolution Villages as its proposed management partner for the REIT should it gain control. In a letter to Campus Crest’s board of directors sent Monday and made public shortly thereafter, Clinton announced its intentions to launch a takeover bid for the board of Campus Crest, enlisting support from other investors. Clinton is a fund management firm whose funds have a collective stake in Campus Crest Group. Over the past …