Discovery Capital Management Will Vote For All of WaterMill’s Stated Proposals at Ziopharm Oncology
Discovery Capital Management, LLC (collectively with its affiliated entities, “Discovery” or “we”) today announced that it will vote 100% of its more than 10.6 million shares of Ziopharm Oncology, Inc. (NASDAQ: ZIOP) (“Ziopharm”) in support of each of WaterMill Asset Management Corporation’s proposals on the White Consent Card. Discovery’s more than 10.6 million shares equal approximately 4.97% of Ziopharm’s outstanding shares. We believe the changes proposed will help unlock the substantial hidden value in the shares of Ziopharm, which in our opinion has the science and intellectual property assets to justify an estimated value of more than $20 per share.
About Discovery Capital Management
Discovery Capital Management, LLC is an investment manager based in South Norwalk, Connecticut that was founded by Robert Citrone in 1999.
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