Monthly Archives: March 2013

OTK Intends to Replace BoD of Morgans Hotel Group

OTK Associates, LLC 200 E. Long Lake Road, Suite 300 Bloomfield Hills, Michigan 48304 March 18, 2013 Dear Fellow Stockholders, We are writing to inform you that on Friday, March 15, OTK Associates, LLC delivered notice to Morgans Hotel Group of its intent to nominate seven qualified candidates to the company’s board of directors at…

Large ClearOne Holder Pressing for Special Dividend

Purpose of Transaction Mr. Bagley has acquired the Common Stock for investment purposes.  In pursuing such investment ..  Mr. Bagley is dissatisfied with the board of directors’ failure to authorize the Company to pay a one-time dividend in light of the Company’s current cash position. At this time, Mr. Bagley does not intend to support…

Perry Corp Joins Corvex on CommonWealth

Purpose of Transaction.  The responses to Items 3, 5 and 6 of this Schedule 13D are incorporated herein by reference.    The Reporting Persons from time to time may enter into discussions with directors and officers of the Issuer, other shareholders or third parties in connection with the Reporting Persons’ investment in the Issuer.   The…

Corvex Wants All CommonWealth Trustees Removed

On March 12, 2013, Corvex and Related sent a letter to the independent trustees of the Issuer reiterating their request to meet with the Issuer. Corvex and Related further requested that the independent trustees form a special committee and cease any plans to enter into any extraordinary transactions that could further erode shareholder value, including…

Carlo Cannell Ups Stake in Multiband

The Reporting Person identified the Company as an entity satisfying each Investment Vehicle’s investment criteria.  The Investment Vehicles acquired and continue to hold the Shares as a long-term investment. The Reporting Person may, from time to time, dispose of some or all of such securities, acquire additional securities of the Issuer, or continue to hold…

UCFC to Conduct Rights Offering

United Community Financial Corp. intends to conduct a rights offering of common shares of up to $5.0 million to existing shareholders. Under the terms of the rights offering, all record holders of the Company’s common shares as of March 21, 2013 will receive, at no charge, the right to acquire 0.055 UCFC common shares for…

Vecima to Make Special Cash Distribution

Vecima Networks Inc. announces that shareholders authorized the Company to reduce the stated capital of its common shares by $1.00 per share. Therefore, the Board of Directors today authorized a special cash distribution, by way of a return of capital, of $1.00 per share on the Company”s outstanding common shares. The special distribution is payable on…

Continental Pushes Smithfield to Look at Strategic Alternatives

“On March 7, 2013, CGC sent a memorandum to the Issuer’s board of directors regarding, among other things, the Issuer’s business, management, financial condition and the desirability of retaining independent advisors to explore various alternatives described in the memorandum to enhance shareholder value.  That memorandum is attached hereto as Exhibit 99.1 and is incorporated by…

Starboard: Tessera CEO Engaging in Inappropriate Behavior

Open Letter to Shareholders of Tessera Technologies, Inc.  Dear Fellow Shareholders:   Starboard Value LP, together with its affiliates (“Starboard”), currently owns approximately 7.4% of the outstanding common shares of Tessera Technologies, Inc. (“Tessera” or the “Company”), making us one of the Company’s largest shareholders.   As you may be aware, Starboard conducts extensive diligence…

Moab’s Presentation for Mac-Gray Corp

Board of Directors Mac-Gray Corporation Ladies and Gentlemen: This letter will serve to provide the Board of Directors of Mac-Gray Corporation with a copy of the presentation that Moab Partners, L.P.  currently intends to use in meetings with proxy advisory firms and a limited number of investors in connection with our nomination of a slate…

Time Warner Inc. to Spin Off Magazine

Time Warner Inc. is to proceed with plans for the complete legal and structural separation of Time Inc. from Time Warner. Following the proposed transaction, Time Inc. would be an independent, publicly traded company. Time Warner aims to complete the proposed transaction by the end of the calendar year. The proposed transaction will be structured as…

Southeastern Reiterates Oppostion to Dell Go-Private

Board of DirectorsDell Inc. Re: Demand for Stockholder List and Other Books and Records Dear Board of Directors: As Dell’s largest outside beneficial owner, and one of many long-term shareholders who have entrusted their capital to Dell, we reiterate our opposition to the proposed go-private transaction, as well as our deep disappointment with the Board of…

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