{"id":283,"date":"2024-06-28T23:31:34","date_gmt":"2024-06-28T20:31:34","guid":{"rendered":"https:\/\/thegodofgambling.icu\/2024\/06\/28\/convexis-aims-to-place-a-representative-on-kindreds-board-to-advocate-for-a-sale\/"},"modified":"2024-06-28T23:31:34","modified_gmt":"2024-06-28T20:31:34","slug":"convexis-aims-to-place-a-representative-on-kindreds-board-to-advocate-for-a-sale","status":"publish","type":"post","link":"https:\/\/thegodofgambling.icu\/2024\/06\/28\/convexis-aims-to-place-a-representative-on-kindreds-board-to-advocate-for-a-sale\/","title":{"rendered":"Convexis Aims to Place a Representative on Kindred&#8217;s Board to Advocate for a Sale"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/5UP1V3sqonQ\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>**Convexis Aims to Place a Representative on Kindred&#8217;s Board to Advocate for a Sale**<\/p>\n<p>Convexis Management, an activist investment group, is poised to place one of its associates on the board of Kindred, with the objective of potentially urging the operator toward a sale.<\/p>\n<p>Convexis obtained a 10% interest in Kindred earlier this year and promptly declared it would press the operator&#8217;s board to seek a sale. <\/p>\n<p>Kindred&#8217;s board did take action, but was unable to locate a suitable buyer. iGB understands that some prospective buyers expressed worries about how Kindred would integrate into the rising popularity of local regulatory markets.<\/p>\n<p>Convexis subsequently expanded its ownership, becoming Kindred&#8217;s largest investor. After the announcement, the firm requested the chance to participate in Kindred&#8217;s nominating committee, granting it the authority to select board members.<\/p>\n<p>Convexis founder Keith Meister was designated chair of the nominating committee, providing him with considerable influence over board appointments.<\/p>\n<p>Now, the committee, headed by Meister, has selected Convexis associate James Gmeiner to join the board. Kindred shareholders will vote on Gmeiner&#8217;s appointment at a special shareholder gathering on November 14th. <\/p>\n<p>Reports indicate that earlier this year, Corvex may have requested the dismissal of Henrik Tj\u00e4rnstr\u00f6m if the company couldn&#8217;t secure a buyer, installing new leadership to facilitate the sale of Kindred. However, it&#8217;s uncertain if Gemmel will pursue this course of action.<\/p>\n<p>Gemmel has held board positions at Exelon, Occidental Petroleum, and Williams Companies. Prior to joining Corvex, he was an investment analyst at Federated Hermes Inc. and an investment analyst at the Prudent Bear Fund at David W Tice &#038; Associates.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>**Convexis Aims to Place a Representative on Kindred&#8217;s Board to Advocate for a Sale** Convexis Management, an activist investment group, is poised to place one of its associates on the board of Kindred, with the objective of potentially urging the operator toward a sale. Convexis obtained a 10% interest in Kindred earlier this year and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Convexis Pushes Kindred Sale: Activist Investor Seeks Board Seat<\/title>\n<meta name=\"description\" content=\"Convexis, holding a 10% stake in Kindred, aims to place a representative on the board to advocate for a potential sale of the operator.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thegodofgambling.icu\/2024\/06\/28\/convexis-aims-to-place-a-representative-on-kindreds-board-to-advocate-for-a-sale\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Convexis Aims to Place a Representative on Kindred&#039;s Board to Advocate for a Sale\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Convexis, holding a 10% stake in Kindred, aims to place a representative on the board to advocate for a potential sale of the operator.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thegodofgambling.icu\/2024\/06\/28\/convexis-aims-to-place-a-representative-on-kindreds-board-to-advocate-for-a-sale\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Unleash Your Winning Potential at Our Trusted Online Casino\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-28T20:31:34+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thegodofgambling.icu\/2024\/06\/28\/convexis-aims-to-place-a-representative-on-kindreds-board-to-advocate-for-a-sale\/\",\"url\":\"https:\/\/thegodofgambling.icu\/2024\/06\/28\/convexis-aims-to-place-a-representative-on-kindreds-board-to-advocate-for-a-sale\/\",\"name\":\"Convexis Pushes Kindred Sale: Activist Investor Seeks Board Seat\",\"isPartOf\":{\"@id\":\"https:\/\/thegodofgambling.icu\/#website\"},\"datePublished\":\"2024-06-28T20:31:34+00:00\",\"dateModified\":\"2024-06-28T20:31:34+00:00\",\"author\":{\"@id\":\"https:\/\/thegodofgambling.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Convexis, holding a 10% stake in Kindred, aims to place a representative on the board to advocate for a potential sale of the operator.\",\"breadcrumb\":{\"@id\":\"https:\/\/thegodofgambling.icu\/2024\/06\/28\/convexis-aims-to-place-a-representative-on-kindreds-board-to-advocate-for-a-sale\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thegodofgambling.icu\/2024\/06\/28\/convexis-aims-to-place-a-representative-on-kindreds-board-to-advocate-for-a-sale\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thegodofgambling.icu\/2024\/06\/28\/convexis-aims-to-place-a-representative-on-kindreds-board-to-advocate-for-a-sale\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/thegodofgambling.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Convexis Aims to Place a Representative on Kindred&#8217;s Board to Advocate for a Sale\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thegodofgambling.icu\/#website\",\"url\":\"https:\/\/thegodofgambling.icu\/\",\"name\":\"Unleash Your Winning Potential at Our Trusted Online Casino\",\"description\":\"Stay on top of the latest casino trends and insights with our regularly updated news, honest reviews, and expert articles. Discover a world of excitement at our licensed online casino.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/thegodofgambling.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/thegodofgambling.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/thegodofgambling.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png\",\"contentUrl\":\"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png\",\"caption\":\"admin\"},\"description\":\"This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.\",\"sameAs\":[\"http:\/\/theworldcasino.vip\"],\"url\":\"https:\/\/thegodofgambling.icu\/author\/ezvhu8xt\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Convexis Pushes Kindred Sale: Activist Investor Seeks Board Seat","description":"Convexis, holding a 10% stake in Kindred, aims to place a representative on the board to advocate for a potential sale of the operator.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/thegodofgambling.icu\/2024\/06\/28\/convexis-aims-to-place-a-representative-on-kindreds-board-to-advocate-for-a-sale\/","og_locale":"en_GB","og_type":"article","og_title":"Convexis Aims to Place a Representative on Kindred's Board to Advocate for a Sale","og_description":"Convexis, holding a 10% stake in Kindred, aims to place a representative on the board to advocate for a potential sale of the operator.","og_url":"https:\/\/thegodofgambling.icu\/2024\/06\/28\/convexis-aims-to-place-a-representative-on-kindreds-board-to-advocate-for-a-sale\/","og_site_name":"Unleash Your Winning Potential at Our Trusted Online Casino","article_published_time":"2024-06-28T20:31:34+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/thegodofgambling.icu\/2024\/06\/28\/convexis-aims-to-place-a-representative-on-kindreds-board-to-advocate-for-a-sale\/","url":"https:\/\/thegodofgambling.icu\/2024\/06\/28\/convexis-aims-to-place-a-representative-on-kindreds-board-to-advocate-for-a-sale\/","name":"Convexis Pushes Kindred Sale: Activist Investor Seeks Board Seat","isPartOf":{"@id":"https:\/\/thegodofgambling.icu\/#website"},"datePublished":"2024-06-28T20:31:34+00:00","dateModified":"2024-06-28T20:31:34+00:00","author":{"@id":"https:\/\/thegodofgambling.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0"},"description":"Convexis, holding a 10% stake in Kindred, aims to place a representative on the board to advocate for a potential sale of the operator.","breadcrumb":{"@id":"https:\/\/thegodofgambling.icu\/2024\/06\/28\/convexis-aims-to-place-a-representative-on-kindreds-board-to-advocate-for-a-sale\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thegodofgambling.icu\/2024\/06\/28\/convexis-aims-to-place-a-representative-on-kindreds-board-to-advocate-for-a-sale\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/thegodofgambling.icu\/2024\/06\/28\/convexis-aims-to-place-a-representative-on-kindreds-board-to-advocate-for-a-sale\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/thegodofgambling.icu\/"},{"@type":"ListItem","position":2,"name":"Convexis Aims to Place a Representative on Kindred&#8217;s Board to Advocate for a Sale"}]},{"@type":"WebSite","@id":"https:\/\/thegodofgambling.icu\/#website","url":"https:\/\/thegodofgambling.icu\/","name":"Unleash Your Winning Potential at Our Trusted Online Casino","description":"Stay on top of the latest casino trends and insights with our regularly updated news, honest reviews, and expert articles. Discover a world of excitement at our licensed online casino.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thegodofgambling.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/thegodofgambling.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/thegodofgambling.icu\/#\/schema\/person\/image\/","url":"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png","contentUrl":"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png","caption":"admin"},"description":"This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.","sameAs":["http:\/\/theworldcasino.vip"],"url":"https:\/\/thegodofgambling.icu\/author\/ezvhu8xt\/"}]}},"_links":{"self":[{"href":"https:\/\/thegodofgambling.icu\/wp-json\/wp\/v2\/posts\/283"}],"collection":[{"href":"https:\/\/thegodofgambling.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thegodofgambling.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thegodofgambling.icu\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thegodofgambling.icu\/wp-json\/wp\/v2\/comments?post=283"}],"version-history":[{"count":0,"href":"https:\/\/thegodofgambling.icu\/wp-json\/wp\/v2\/posts\/283\/revisions"}],"wp:attachment":[{"href":"https:\/\/thegodofgambling.icu\/wp-json\/wp\/v2\/media?parent=283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thegodofgambling.icu\/wp-json\/wp\/v2\/categories?post=283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thegodofgambling.icu\/wp-json\/wp\/v2\/tags?post=283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}