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.
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 …