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Jeffrey Smith Outlines How This Activist Target Can Turn Itself Around

2015-10-06 17:04:02| Industrial Machines - Topix.net

According to a recent filing with the Securities and Exchange Commission, Smith's Starboard Value LP can now be deemed to own 12.4% of the company's common stock, which includes 4.57 million shares owned directly and 1.45 million shares beneficially owned as part of a cash-settled total return swap agreement with Societe Generale. Smith also sent a letter to the company's Board of Directors, outlining his views on measures to be taken in order to increase shareholder value.

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