NEW YORK, Nov. 4, 2021 /PRNewswire/ -- NuOrion
Advisors, LLC ("NuOrion"), a shareholder of Macy's, Inc. (NYSE: M),
today announced that it has sent a letter to the Chairman of the
Board demanding the formation of a Digital Special Committee to
evaluate and solicit proposals: i) from private equity firms to
make a strategic investment in Macys.com, ii) from EV Car
manufacturing and charging companies (e.g. Tesla, Lucid, Rivian,
Atom Power) to utilize ground floor and parking facilities of
landmark stores, and iii) pursue the acceptance of Crypto
payments.
The full text of NuOrion's Letter is available for viewing at
the following link:
https://nuorionadvisorsbusiness.files.wordpress.com/2021/11/letter-to-m-chairman-3.pdf
About NuOrion Advisors, LLC
NuOrion Advisors is a
private investment firm that makes direct investments in
undervalued corporate fallen angels that can regain their economic
strength. NuOrion has an active industrial approach to
investing.
Cautionary Statement Regarding Forward-Looking
Statements:
The information herein may contain
forward-looking statements which reflect NuOrion's views with
respect to, among other things, future events and financial
performance. Specific forward-looking statements can be
identified by the fact that they do not relate strictly to
historical or current facts and include, without limitation, words
such as "may," "will," "expects," "believes," "anticipates,"
"plans," "estimates," "projects," "targets," "forecasts," "seeks,"
"could," "should" or the negative of such terms or other variations
on such terms or comparable terminology. Similarly, statements that
describe NuOrion's objectives, plans or goals are forward-looking.
Forward-looking statements are subject to various risks and
uncertainties and assumptions. There can be no assurance that any
idea or assumption herein is, or will be proven, correct. If one or
more of the risks or uncertainties materialize, or if NuOrion's
underlying assumptions prove to be incorrect, the actual results
may vary materially from outcomes indicated by these statements.
Accordingly, forward-looking statements should not be regarded as a
representation by NuOrion that the future plans, estimates or
expectations contemplated will ever be achieved.
Additional Information:
Any views expressed in the
letter represent the opinion of NuOrion, whose analysis is based
solely on publicly available information. No representation or
warranty, express or implied, is made as to the accuracy or
completeness of any information contained therein. NuOrion
expressly disclaims any and all liability based, in whole or in
part, on such information, any errors therein or omissions
therefrom. NuOrion also reserves the right to modify or change its
views or conclusions at any time in the future without notice.
The information contained in the letter does not recommend the
purchase or sale of any security nor is it an offer to sell or a
solicitation of an offer to buy any security. Furthermore, the
information contained in the letter is not intended to be, nor
should it be construed or used as, investment, tax or legal advice.
No representation or warranty is made that NuOrion's investment
process or investment objectives will or are likely to be achieved
or successful or that NuOrion's investments will make any profit or
will not sustain losses. Past performance is not indicative of
future results.
Nothing contained in the letter should be taken as any form of
commitment on the part of NuOrion to take any action in connection
with any particular security. NuOrion and its affiliates are in the
business of buying and selling securities. They have, and may in
the future, buy, sell or change the form of their position in any
security for any or no reason whatsoever.
View original
content:https://www.prnewswire.com/news-releases/nuorion-sends-letter-to-chairman-of-macys-demanding-urgent-board-action-to-accelerate-digital-transformation-301416451.html
SOURCE NuOrion Advisors, LLC