(Reuters) - In a letter released Thursday, Millennium Partners LP,
which said it owns 1.3 million, or 2.5 percent, of Sunrise's
shares, called on Sunrise's board to sell, merge or restructure
the company, or to recruit new management.
It said Sunrise's business value is "north of $54 per
share," at least 30 percent higher than its Wednesday closing
price of $41.52. The market value of McLean, Virginia-based
Sunrise is roughly $2 billion.
Read more at Reuters.com Mergers News
which said it owns 1.3 million, or 2.5 percent, of Sunrise's
shares, called on Sunrise's board to sell, merge or restructure
the company, or to recruit new management.
It said Sunrise's business value is "north of $54 per
share," at least 30 percent higher than its Wednesday closing
price of $41.52. The market value of McLean, Virginia-based
Sunrise is roughly $2 billion.
Read more at Reuters.com Mergers News
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