Elliott Responds to Hess PR Stunt; Elliott Remains Open to Constructive Conversation and Settlement That Shareholders Actually Want
“Shareholders want real change, yet Hess is doing everything they can to avoid it. Today's press release from Hess is more of the same. Without ever talking with Elliott and seeing the writing on the wall, Hess engaged in a PR stunt and proposed accepting only two nominees. If Hess were serious, they would have engaged in substantive conversation with Elliott rather than blast out desperate press releases.
The consistent message from Shareholders is that they want substantial change in the boardroom of Hess. Hess should accept all five Shareholder nominees and replace as many of their incumbent directors with management’s nominees as is reasonable. We continue to welcome constructive dialogue with Hess.”
For more information on how to vote FOR the election of the highly qualified independent shareholder nominees on the GREEN proxy card, visit www.reassesshess.com.
Elliott Associates, L.P. and Elliott International, L.P. (“Elliott”) filed a definitive proxy statement and an accompanying proxy card with the Securities and Exchange Commission (“SEC”) on April 3, 2013. Stockholders are advised to read the definitive proxy statement, and other materials filed with the SEC, because they contain important information concerning Elliott’s solicitation of proxies for the 2013 Hess Annual Meeting of Stockholders, including information concerning the participants in that solicitation. These materials are available for no charge at the SEC’s website at www.sec.gov or by directing a request to Elliott’s proxy solicitor, Okapi Partners, at its toll-free number (877) 796-5274 or via email at firstname.lastname@example.org.
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About Elliott Management:
Elliott’s two funds, Elliott Associates, L.P. and, Elliott International, L.P., together have more than $21 billion of assets under management. Founded in 1977, Elliott is one of the oldest hedge funds under continuous management. The Elliott funds’ investors include large institutions, high-net-worth individuals and families, and employees of the firm.
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