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- Mill Pond Capital, a 3% shareholder, urged Rayonier Advanced Materials’ board to pursue a full sale in a public letter. * The investor cited losses from continuing operations every year since 2019, repeated guidance misses, three CEO changes, and no permanent CEO. * Mill Pond said $55 million-$60 million of annual corporate overhead makes a sale to a strategic buyer value-accretive through immediate cost removal. * It criticized the board for rejecting an $11-$12 per share acquisition approach in November 2025, described as a roughly 100% premium. * Mill Pond also flagged $1.3 million of total director pay in 2025, citing limited open-market buying by directors during their tenures. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rayonier Advanced Materials Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202606170900PR_NEWS_USPR_____NY85758) on June 17, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)
