NEW YORK, Sept. 18, 2017 /PRNewswire/ -- Fir Tree
Partners ("Fir Tree"), a $9.4 billion
private investment firm and manager of funds that own approximately
7.16% of the shares of Jones Energy, Inc. ("Jones" or the
"Company") (NYSE: JONE), announced today its support for
Q Investments' call for Jones to immediately start a process to
explore all value-maximizing strategic alternatives.
"We agree that Jones management and board need to pursue
strategic alternatives, including selling certain or all of its
assets, exploring potential DrillCo options or alternative
financings and/or merging with another company that has a strong
balance sheet and available development capital," said David Proman, Managing Director at Fir Tree.
"Now is the opportune time for the Company to retain advisors
and formally pursue a strategic process in order to create
significant value for stockholders. If not, Fir Tree intends to
support a plan to elect a new slate of directors at the upcoming
annual meeting," said Evan Lederman,
Managing Director at Fir Tree.
About Fir Tree Partners
Fir Tree Partners, founded in
1994 and located in New York City
(HQ) and Miami, is a
value-oriented investment manager that manages private investment
funds for endowments, charitable and philanthropic foundations,
pension funds and other institutional and private investors. Fir
Tree manages approximately $9.4
billion, invested worldwide in public and private companies
across a wide variety of sectors and securities.
For More Information Contact:
Scott Tagliarino or Taylor Ingraham
ASC Advisors LLC
(203) 992-1230
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SOURCE Fir Tree Partners