MEMPHIS, Tenn., Dec. 10, 2018 /PRNewswire/ — As a current investor in Hopewell Holdings Limited ("Hopewell"), Southeastern Asset Management ("Southeastern") does not intend to oppose the take private transaction announced by the company on December 5, 2018. Southeastern believes its clients and the market benefit by knowing Southeastern is not planning an opposition.
Southeastern Asset Management is a privately owned, global investment management firm founded in 1975 and the investment advisor to the Longleaf Partners Funds. We are long-term, concentrated, engaged, value investors. We have consistently employed the same time-tested, bottom-up approach to long-only equity investing for over four decades with a long-term time horizon by investing in strong businesses, run by good people, trading at discounted prices. With three generations of leadership in place and offices across the globe in the U.S., Asia and Europe, we invest across six mandates for our institutional clients: U.S. Large Cap, U.S. Small Cap, Non-U.S., Global, Asia Pacific and Europe. Partnership is core to all that we do, and Southeastern’s employees and related entities are the largest investors across the Longleaf Partners Funds.
Nothing in this statement should be taken as an invitation, solicitation or investment advice of any kind and Southeastern assumes no responsibility or liability whatsoever for any loss howsoever arising from the use or reliance of any information set out above.
Given Southeastern and its clients’ current long positions in Hopewell, Southeastern may stand to realize significant gains in the event that the price of the Hopewell stocks or related securities rises. Regardless of our intention stated herein, Southeastern may continue transacting in the securities of Hopewell (including buying, selling, covering or otherwise changing the form or substance of our position in Hopewell) in the ordinary course of business as an investment adviser, depending on market conditions and what Southeastern views as the best interest of its clients.
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