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Harbert Distressed Investment Sends Letter Regarding Montana Public Power’s Plan to Buy NorthWestern

Harbert Distressed Investment Master Fund, Ltd. today delivered the following letter to the board of directors of NorthWestern Corporation (Nasdaq: NWEC – News). Harbert sent the letter to communicate its views regarding the proposal by Montana Public Power, Incorporated to buy NorthWestern in an effort to obtain fair value for its investment.

Harbert Distressed Investment Master Fund, Ltd. is focused on high-yield (special situation) and distressed securities on both the long and short sides, including debt and equity investments in turnarounds, restructurings, liquidations, event driven situations and inter-capital arbitrage.

Full Letter: http://biz.yahoo.com/prnews/051019/nyw188.html?.v=14

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