Ashford Prime to Explore Strategic Alts

Ashford Hospitality Prime, Inc. today announced that the Independent Directors of the Board have decided to explore a full range of strategic alternatives, including a possible sale of the Company.  The Independent Directors have retained Deutsche Bank Securities Inc. as their financial advisor to assist in this process. “Our Board of Directors and management team…


Icahn Goes Activist on Freeport-McMoRan

Item 4.  Purpose of Transaction The Reporting Persons acquired their positions in the Shares in the belief that the Shares were undervalued. The Reporting Persons intend to have discussions with representatives of the Issuer’s management and board of directors relating to the Issuer’s capital expenditures, executive compensation practices and capital structure as well as curtailment…


Will the Sell-Side Ever Learn Valuation?

Today, I sent an email to the CEO of a company in which I hold a position.  Wanted to share it with you without naming names. Dear Mr. CEO: I just browsed through ABC Bank’s initiation report on our company.  While it is filled with wonderful details, pictures, charts and analysis, the fundamental way by…


IDT: The Spin-Off Machine

IDT Corporation (IDT) today announced that its Board of Directors has approved a plan to reorganize the Company into three separate entities by spinning off two business units to its stockholders. The reorganization marks the next stage in IDT’s tradition of incubating and spinning-off successful businesses. The three separate companies will feature IDT Telecom, Zedge,…


Actions Semi to Tender for Shares

Actions Semiconductor Co., Ltd. , one of China’s fabless semiconductor companies that provides comprehensive portable multimedia and mobile internet system-on-a-chip (SoC) solutions for portable consumer electronics, announced today that it is commencing a self “Dutch auction” tender offer today to purchase for cash up to 48,000,000 of its issued and outstanding ordinary shares, which represents…


Solera to Explore Strategic Alternatives

Solera Holdings, Inc. is exploring a variety of strategic alternatives. The Company further stated that as part of the process, the Board of Directors has formed a special committee, which has retained Centerview Partners LLC as its financial advisor and Sullivan & Cromwell as its legal advisor. The Company has retained Rothschild, Inc. as its…


St. Joe to Tender for Shares

The St. Joe Company will commence a tender offer to purchase up to 16,666,666 shares of its outstanding common stock at a price of $18.00 per share. In connection with authorizing the tender offer, the Company’s board of directors has increased the authority under the Company’s stock repurchase program to $300 million (including previously unused…


Hardinge to Explore Strategic Alternatives

Hardinge Inc., a provider of advanced metal-cutting solutions and accessories, today announced that its Board of Directors, working together with its management team, is exploring strategic alternatives to enhance shareholder value. These alternatives could include, among other things, a possible sale, merger or other form of business combination or strategic transaction. The Company and the…


Strategic Hotels & Resorts to Explore Sale

Strategic Hotels & Resorts, Inc. (BEE) is exploring possible strategic alternatives for the Company, including the potential sale of the Company. The Company has retained J.P. Morgan as financial advisor. “Our Board of Directors and management team remain committed to acting in the best interests of our shareholders,” said Raymond L. “Rip” Gellein, Chairman and…


Sandell Sees 30% Upside to Ethan Allen

August 14, 2015 Mr. Farooq Kathwari Chairman, CEO and President Ethan Allen Interiors Inc. Ethan Allen Drive Danbury, CT 06811 Dear Farooq: As you know, we are significant shareholders of Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) and currently own approximately 1.6 million shares, or 5.5%, of the Company. We appreciate the dialogue…


Icahn not Selling into ARII Buyback

Item 4. Purpose of Transaction Item 4 of this Schedule 13D is amended by adding the following: On July 29, 2015, the Issuer disclosed in a Current Report on Form 8-K that its board of directors had authorized a stock repurchase program (the “Program”) pursuant to which the Issuer may, from time to time, repurchase…


Trian Goes Activist on Sysco Corp

Item 3. Source and Amount of Funds or Other Consideration As of 4:00 p.m., New York City time, on August 13, 2015, the aggregate purchase price of the 22,803,484 Shares (not including those Shares underlying any Options (as defined below)) purchased by Trian Onshore, Trian Offshore, Parallel Fund I, Trian ERISA, TPSIF II, Strategic Fund-A,…

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 Questions Ultratech CEO’s Credibility

Neuberger Berman Management LLC 605 Third Avenue New York, NY 10158-0108 Tel. 212.476.8800 NEUBERGER BERMAN August 4, 2015 Mr. Arthur Zafiropoulo Chairman, Chief Executive Officer and President Ultratech Inc. 3050 Zanker Road San Jose, California 95134 Dear Art: Neuberger Berman Management LLC and its affiliated investment advisers currently own, on behalf of their clients, over…


Tick Tock Tick Tock Says Wynnefield

August 11, 2015 Mr. Gary Goodwin, Chairman of the Board Omega Protein Corporation 2105 City West Boulevard Suite 550 Houston, TX 77042 FOR IMMEDIATE DISTRIBUTION TO THE BOARD OF DIRECTORS Dear Gary, “But second chances aren’t forever. Even miracles have an expiration date”  -Robyn Schneider In the twenty three years of managing our small cap…


Ashford Buys AINC Shares at $95!

Item 3 Source and Amount of Funds or Other Consideration   The Common Stock of the Issuer beneficially owned by the Reporting Persons was acquired in a block trade with working capital from an unaffiliated third party.  Total consideration paid for the Subject Shares was $16,623,385.00.   Item 4 Purpose of Transaction   The Chief…


Frischer Shines Light on NCT’s Assets

Charles Frischer 4404 52nd Avenue NE Seattle, WA 98105 August 10, 2015 Mr. Wesley Edens Co-Chairman Fortress Investment Group 1345 Avenue of the Americas 46th Floor New York, NY 10105 Dear Mr. Edens: I recently filed a 13-D form on Newcastle Investment, disclosing my ownership of 3,442,000 shares or 5.2% of the outstanding shares. I…


Central Square Frustrated with PICO

On August 7, 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 expressed its belief, among other things, that the Issuer is deeply undervalued and that there are opportunities within the control of…


Vertex Capital Keeps Adding Numerex

13D/A filed on August 6, 2015: Purpose of Transaction. Item 4 is hereby amended to add the following: On August 5, 2015, the Issuer announced, as part of their “strategic considerations,” the search for a new chief executive officer and the formation of a Search Committee to lead that search.  The Search Committee will include Stratton…


Starboard Bails out of Unwired Planet..

STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD c/o Starboard Value LP 777 Third Avenue, 18th Floor New York, New York 10017 August 3, 2015 MAST Capital Management, LLC 200 Clarendon Street, 51st Floor Boston, MA 02116 Re:           Shares of Common Stock of Unwired Planet, Inc. Dear Sirs: This letter is being delivered in connection with the…


Basswood Wants Changes at Astoria Financial

Purpose of Transaction.  Based on, among other things, the Issuer’s strong banking franchise in the New York metropolitan market and the belief of the Management Company, Matthew Lindenbaum and Bennett Lindenbaum that the shares of Common Stock are trading at a significant discount to their fair value, the Management Company caused the BCM Funds and…