Granite Capital LP filed a 13D requesting a “prompt sale” of DVI Inc., and called the firm an “egregious destroyer of value.” But commented one source, Granite won’t put up a fight if the company does nothing in response. “Granite is a money manager, not an LBO shop” or a wager of proxy fights, said a DVI shareholder close to Granite who wished to remain anonymous. Granite has no plans to put up members for DVI’s board in late fall or launch a buyout offer of its own, and in fact, this is probably the extent of the company’s aggression, he said.
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