TCS Capital’s Letter to Angie’s List

TCS CAPITAL MANAGEMENT, LLC 888 Seventh Avenue Suite 1504 New York, NY 10106 October 13, 2015 Angie’s List, Inc. 1030 E. Washington Street Indianapolis, IN 46202 Attn: John H. Chuang, Chairman of the Board cc: Angie’s List Board of Directors Dear John, TCS Capital Management, LLC and myself (“TCS”, “we” or “us”) currently own approximately 9% of the outstanding shares of common stock of Angie’s List, Inc. (“Angie’s…


Central Square Wants to Reconstitute PICO BoD

On October 13, 2015, Central Square Management (together with its affiliates, “Central Square”) delivered a letter to the Issuer’s Chair, Kristina Leslie, and the Issuer’s Board of Directors (the “Board”). In the letter, Central Square stated, among other things, that despite multiple attempts over the past year to engage in constructive dialogue with the Board…


Magnum Hunter to Explore Strategic Options

Magnum Hunter Resources Corporation has hired PJT Partners LP as financial advisor, and Kirkland & Ellis LLP, as special legal advisor, to advise management and the Company’s Board of Directors regarding potential strategic alternatives to enhance liquidity and address the Company’s current capital structure. As previously disclosed, the Company has actively worked to manage its balance…


Vertex Asks to Preserve Cash

October 9, 2015, Inc. 900 Chesapeake Drive, Second Floor Redwood City, California 94063 Attn: Board of Directors To the Board of Directors: We are a group of shareholders of, Inc. (“Support” or the “Company”) who together own approximately 12.3% of its outstanding common stock, making us the largest owners of the Company.  The Company’s…


Wynnefield Remains Skeptical of OME Management

Purpose of the Transaction Item 4 of the Schedule 13D is hereby amended by the addition of the following: During the course of informal communications with the Issuer’s management and Board of Directors (the “Board”), the Wynnefield Reporting Persons have strongly recommended that the Issuer (i) conduct a thorough review of strategic alternatives to enhance…


Groveland Capital Presentation on ITIC

Purpose of Transaction. The Reporting Persons believe that the Issuer is undervalued and overcapitalized.  See presentation attached hereto as Exhibit 99.2.  We encourage the Issuer to evaluate strategic options that will enhance shareholder value including: a tender offer or share buyback program; a special dividend; a synergistic merger or acquisition to facilitate expansion into new markets; a…


Vertex Wants YuMe to Self-Tender

Purpose of Transaction. The Reporting Persons believe that the Issuer’s stock is materially undervalued, trading at an enterprise value of $27 million, which is less than 2x EBITDA of the Issuer’s core business. With the Issuer’s stock having declined by 68 percent since its August 2013 initial public offering, the Reporting Persons believe that the…


BAM To Spin Off Business Unit

Brookfield Asset Management Inc. intends to spin off approximately 35% of Brookfield Business Partners L.P. (“BBP”) by distributing to shareholders a special dividend estimated to be worth US$0.50 per share, or approximately US$500 million, in the form of units of BBP. BBP will be the primary vehicle through which Brookfield will own and operate the business…


Elliott Wants PLCM and MITL to Merge

On October 8, 2015, the Reporting Persons delivered a letter to the Issuer outlining the Reporting Persons’ perspective that the Issuer undertakes a full strategic review of potential alternatives, with a particular focus on an industry consolidation strategy as the likely best path forward. In the letter, the Reporting Persons encouraged the Issuer, given the…


Group 42 Follows Up on VAALCO

October 5, 2015 The Board of Directors VAALCO Energy, Inc. 9800 Richmond Ave., Suite 700 Houston, TX 77042 Board members: As you know, Bradley Radoff (and related entities) and Group 42, Inc. (together the “Group”) collectively own 11.1% of the outstanding common stock of VAALCO Energy (the “Company”) in comparison to 1.9% of the Company’s…


Starboard Outlines Steps for Brink’s Co

On October 5, 2015, Starboard Value LP (together with its affiliates, “Starboard”) delivered a letter to the Issuer’s CEO, CFO and Board of Directors, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference. In the letter, Starboard outlines the Issuer’s history of poor performance and missed execution as well…


DG Capital Thinks KCAP is Undervalued

October 6th, 2015 KCAP Financial, Inc. 295 Madison Avenue, 6th Floor New York, NY 10017 Attn: Board of Directors Dear KCAP’s Board of Directors, Funds managed by DG Capital Management LLC and its affiliates own 1,151,334 shares of KCAP Financial (“KCAP” or the “Company”) or about 3.1% of shares outstanding, making us the Company’s  third…


ValueAct Partners to Engage with Baker Hughes

Item 4. Purpose of Transaction The Reporting Persons purchased the securities of the Issuer reported herein based on their belief that the securities were undervalued and represented an attractive investment opportunity. The Reporting Persons intend to have conversations with members of the Issuer’s management and board of directors to discuss ways to enhance shareholder value….


Reaves Utility Fund to Distribute Rights

Reaves Utility Income Fund announced that it filed a preliminary registration statement with the Securities and Exchange Commission relating to the offering of additional common shares of the Fund pursuant to a rights offering. The Fund is issuing transferable subscription rights to its common shareholders on a record date to be set by the Fund’s…

Für eine neue Halbleiterfabrik in der chinesischen Großstadt Chongqing realisierte Siemens in Rekordzeit eine komplette prozessoptimierte Stromversorgungslösung von der Hochspannungsebene bis zur Niederspannungsebene inklusive der Prozessautomatisierung. Ausgerichtet auf die speziellen Anforderungen der Halbleiterproduktion, gewährleistet die Siemens-Lösung eine hohe Netzqualität und Verfügbarkeit für eine störungsfreie Energieversorgung rund um die Uhr. Im Bereich des Reinraums, der hier abgebildet ist, würde ein Stromausfall von nur weniger als vier Millisekunden zu einem Stillstand der Produktion und damit zu erheblichen Verlusten führen. 

In record time, Siemens realized a complete power supply for a semiconductor factory in Chongqing in China from high voltage to low voltage systems including the process automation on turnkey-basis. The process-optimized power supply solution geared to the special requirements of semiconductor manufac-turing guarantee a high level of network quality and availability of reliable electricity around the clock. In the area of the clean room, which is shown in the picture, a electrical power outage of even less than four milliseconds would result in a production stoppage and thus considerable losses.

Neuberger More Concerned About UTEK

September 28, 2015 Arthur Zafiropoulo Chairman, Chief Executive Officer and President Ultratech Inc. 3050 Zanker Road San Jose, California 95134 Dear Art: We appreciate the effort Rick Timmins, the lead independent director of Ultratech Inc. (“Ultratech” or the “Company”) and you made coming to our offices to discuss the concerns we conveyed to you in…

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Lloyd Miller’s List for Learning Tree

Purpose of the Transaction The Shares covered by this Schedule 13D were acquired by Mr. Miller for investment purposes in the ordinary course of his business as an investor. Mr. Miller now believes that it would be in his best interests, and those of other shareholders, to attempt to influence the governance and business strategies…

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Comstock Resources to Protect NOLs

Comstock Resources, Inc. announced today that its Board of Directors (the “Board”) has adopted a net operating loss carryforwards rights plan in a measure to prevent the imposition of significant limitations under Section 382 of the Internal Revenue Code on Comstock’s ability to utilize its existing NOLs to reduce its future tax liabilities. Use of…


Levin Reminds Wes Edens of Fiduciary Duty

September 29, 2015 New Senior Investment Group Inc. 1345 Avenue of the Americas 46th Floor New York, NY 10105 Attention: Wesley R. Edens, Chairman of the Board Cc: Board of Directors Dear Wes, In my long experience in the investment management business, I have spoken to members of company boards of directors and management teams…


Viavi Solutions Settles with Sandell

Viavi Solutions and Sandell Asset Management Corp. (“Sandell”), which beneficially owns approximately 5.1% of the Company’s outstanding shares, today announced that they have reached an agreement that in part will include two new, highly-experienced candidates joining the Board of Directors (“Viavi Board”). Under the settlement agreement, which will be incorporated into a report on Form…


Elephant Talk to Review Strategic Alternatives

Elephant Talk Communications Corp., a provider of Software Defined Network Architecture (ET Software DNA® 2.0) platforms and cyber security solutions, today announced that it has retained Dawson James Securities, Inc. as advisor to the Special Committee of the Board of Directors in connection with the previously announced plan to evaluate strategic alternatives designed to maximize…