Shamrock Objects to Reddy Ice Buyout

Shamrock Activist Value Fund has come out in opposition to GSO Capital Partners' proposed $1.1 billion buyout of Reddy Ice Holdings (NYSE: FRZ). It believes the $31.25 per share offer is too low, and has issued a “books and records demand” that would require Reddy Ice to provide Shamrock with a list of other company investors. Reddy is a Dallas, Texas-based manufacturer and distributor of packaged ice.