Turtle Creek Asset Management did not mince words with its assessment of the potential GIL sales process in a Monday morning letter to the embattled board, claiming the directors are not trustworthy as independent fiduciaries and demanding the annual meeting be held on an urgent basis. The firm is putting overwhelming odds in favor of Browning West’s nominees to unseat current members and echoed the lead activist investors’ view that the sale is a bid to dodge personal accountability on the board’s part, who are seeking to avoid “profound professional embarrassment” ... Log in to view full article.