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Investor promises proxy fight for control of Ciber Inc.'s board

2015-03-07 01:59:03| IT Services - Topix.net

Upset with the direction of Ciber Inc., Lone Star Value Management told the Greenwood Village IT consultancy it plans to nominate three new directors to the board at the upcoming shareholder meeting. Lone Star, which owns 2.7 million shares of Ciber's common stock, said that Ciber's stock is "deeply undervalued due in large part to failures of oversight by the incumbent board and poor corporate governance," according to the Feb. 27 U.S. Securities and Exchange Commission filing .

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