Monthly Archives: September 2016

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Breithorn Urges Kulicke to Look for Buyers

28 September 2016 Garrett E. Pierce, Chairman Kulicke and Soffa Industries, Inc. 23A Serangoon North Avenue 5, #01-01 K&S Corporate Headquarters Singapore 554369 Dear Members of the Board: As you know, Breithorn Capital Management (“Breithorn”) beneficially owns approximately 1.1% of the outstanding shares of Kulicke & Soffa Industries, Inc. (“K&S” or the “Company”). Breithorn is…

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Westell Technologies The Definition of Insanity

At the annual shareholders meeting of Westell Technologies, Inc. on September 13th, 2016, 72% of shareholders not-affiliated with the Penny family trust withheld support for both Robert C. Penny III and his nephew Robert Foskett. “This is a clear repudiation of Business as usual at Westell,” states Jeffrey Bronchick, CFA, the lead Principal of Cove…

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Edenbrook Wants Fair Sale Process for YuMe

Edenbrook Capital, LLC Purpose of Transaction. The Reporting Persons acquired the Common Stock to which this Schedule 13D relates for investment purposes in the ordinary course of business. The Reporting Persons acquired the Common Stock because they believed that the Common Stock reported herein, when purchased, represented an attractive investment opportunity. On September 14, the…

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VIEX Capital Files 13D on Seachange

Years ago, it was Starboard, then Roumell took a shot at it. Now VIEX has decided to go activist on this flunky.. I think the cash balance keeps attracting funds to it but look at the long term stock price chart. Purpose of Transaction The Reporting Persons purchased the Shares based on the Reporting Persons’…

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Lawndale Calls Willbros Governance Archaic

The Filers (“Lawndale”) have been in contact with Willbros Group’s (“WG”, “Willbros” or the “Company”) management and members of Willbros’ Board of Directors regarding concerns relating to the Company’s corporate governance practices and board composition. Beginning in 2015, Lawndale requested implementation of constructive changes that would improve corporate governance, in general, and the accountability of…

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Great Elm to Conduct Rights Offering

Great Elm Capital Group, Inc. (GEC), has filed a registration statement with the Securities and Exchange Commission for a proposed rights offering to holders of its common stock. If the rights offering is fully subscribed, Great Elm Capital Group expects $45 million of gross proceeds that will be used for general corporate purposes, which may…

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Atlas Resources Emerges from Ch 11 as Titan Energy

Titan Energy, LLC and its subsidiaries has commenced operations as an independent developer and producer of natural gas, crude oil and natural gas liquids with operations in basins across the United States. Atlas Energy Group, LLC, a Delaware limited liability company, operates the Company through a subsidiary and holds a 2% preferred member interest. Titan’s…

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Penn Virginia Emerges from Chapter 11

Penn Virginia Corporation has satisfied the conditions precedent to the effectiveness of its Plan of Reorganization, which was confirmed by the U.S. Bankruptcy Court for the Eastern District of Virginia on August 11, 2016, and has emerged from bankruptcy. By working constructively with its creditors and other stakeholders, Penn Virginia emerged from bankruptcy having reduced…

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HPE to Spin Off Non-Core Assets

Hewlett Packard Enterprise will spin-off and merge its non-core software assets with Micro Focus (LSE:MCRO) in a transaction valued at approximately $8.8 billion. The combination of these software assets — which includes HPE’s Application Delivery Management, Big Data, Enterprise Security, Information Management & Governance and IT Operations Management businesses — and Micro Focus’ highly complementary portfolio…

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Halcón Resources Emerges from Chapter 11

Halcón Resources Corporation has completed its financial restructuring and has emerged from its pre-packaged chapter 11 bankruptcy cases.  All of the conditions under its Plan of Reorganization, which was confirmed by the US Bankruptcy Court for the District of Delaware on September 8, 2016, have been satisfied or otherwise waived in accordance with the terms…

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