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  "documentTitle": "Forescout Technologies (FSCT)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2020-05-13 00:00:00",
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  "notes": "This is a formal letter/closing page of an activist presentation.",
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      "kind": "callout",
      "text": "we believe that the evidence already known to the public may itself both suggest, and justify, that terminating or renegotiating the acquisition is in your best interest as a fiduciary for public pension funds.",
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      "kind": "disclaimer",
      "text": "For full disclosure, funds managed by Spruce Point Capital Management hold a short position in Forescout and stand to benefit in the event its share price declines. If you have any questions, please don’t hesitate to contact me.",
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      "text": "Spruce Point Capital Management",
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      "kind": "paragraph",
      "text": "Spruce Point continues to pursue all avenues of diligence available to us in our ongoing evaluation of the health of Forescout’s business. In particular, under the Freedom of Information Act (“FOIA”), we have submitted requests to major government customers for documents and correspondence relating the status of their relationships with Forescout. We encourage you to conduct similar diligence as the merger deadline approaches. Even then, we believe that the evidence already known to the public may itself both suggest, and justify, that terminating or renegotiating the acquisition is in your best interest as a fiduciary for public pension funds.",
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      "kind": "paragraph",
      "text": "Spruce Point Capital Management\n1740 Broadway – 15th Floor\nNew York, NY 10019\n212-579-1176",
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      "text": "Sincerely,\n\nBen Axler\nManaging Partner\nSpruce Point Capital Management, LLC",
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