KCLI: Shareholder Issues Letter to Board of Directors, Believes Proposed ‘Go-Private’ Transaction Structured Unfairly
NEW YORK, N.Y., Sept. 10, 2015 (SEND2PRESS NEWSWIRE) — On Sept. 9, 2015, Sherow Management, LLC, an outside shareholder, sent a letter addressed to the Kansas City Life Insurance Co (NASDAQ:KCLI) Board Chairman in response to the Company’s proposed ‘Go-Private’ Transaction. Sherow believes the deal is unfair to outside shareholders and should be amended.