AB Value-Radoff Group Announces Acceptance of Latest Settlement Terms Proposed by Rocky Mountain Chocolate Factory
AB Value Management LLC and Bradley L. Radoff, owning approximately 17.6% of Rocky Mountain Chocolate Factory, Inc. (NASDAQ: RMCF), announced their agreement to the company’s latest settlement terms.
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Looks Forward to Promptly Receiving a Standard Cooperation Agreement That Provides for the Addition of a New, Highly Qualified Director and Customary Terms
“Earlier this week, our representative informed Rocky Mountain’s legal counsel that we agree to all of the Company’s latest publicly disclosed settlement terms. The framework we have agreed to provides for the addition of our nominee to the Board of Directors and other customary terms. By compromising with Rocky Mountain, we hope to facilitate improved corporate governance and enhanced value creation over the long-term. We intend to engage in good faith to expeditiously finalize a cooperation agreement that can benefit all of the Company’s stockholders.”
View source version on businesswire.com: https://www.businesswire.com/news/home/20220728006091/en/
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