Reservoir Media special committee hires Morgan Stanley, Wachtell to review buyout proposals

• Reservoir board special committee began evaluating non-binding proposal letters from Irenic Capital Management.
• Separate non-binding proposal letters from Richmond Hill and Wesbild are also under review.
• Morgan Stanley was hired as financial adviser to special committee.
• Wachtell, Lipton, Rosen & Katz was retained as independent legal counsel.
• No assurance provided that either proposal will lead to a definitive agreement or completed transaction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reservoir Media Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202605011800ACCESSWRNAPR_____1163202) on May 01, 2026, and is solely responsible for the information contained therein.