Altai Capital Management Delivers Letter to Sealy Corporation Recommending Steps for Selecting CEO
Altai Capital Management, L.P. is a New York-based alternative asset management firm that is a beneficial owner of approximately 3.9% of the outstanding common stock of Sealy Corporation. We have followed Sealy for a number of years and have great respect and admiration for its brands and market share. We believe, however, that Sealy management has overseen a series of strategic missteps, many of which were highlighted in the March 11, 2012 letter sent to Sealy's Nominating & Corporate Governance Committee by H Partners Management, LLC.
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