Activist Investor Snow Park Urges Cedar to Explore Sale

(Reuters) Activist hedge fund Snow Park Capital Management sent a letter to Cedar Realty Trust Inc (CDR.N) on Wednesday urging the U.S. shopping center owner to explore options, including a potential sale. Snow Park said Cedar had already received several expressions of interest from potential buyers, and that its shares were trading significantly below where the company would be valued in a potential sale.

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