Tagged MRVC

MRV Comm Announces Second Special Cash Dividend

MRV Communications, Inc. has declared a special dividend of $0.30 per share payable on May 25, 2012 to stockholders of record as of May 16, 2012. This dividend is part of the Company’s ongoing effort to maximize the return to our stockholders. In addition to closing the sale of CES Creative Electronics Systems SA on March…

Update on Cash Rich MRV Communications

(MRVC has a market cap of $197 mm ; See earlier alert dated 9/8/11) (Item 4. Purpose of Transaction – Excerpt) The purpose of the acquisitions of the Common Stock were for investment, and the acquisitions of the Common Stock were made in the ordinary course of business and were not made for the purpose of…

Cash Rich MRVC Announces Strategic Review

(See earlier posts on MRV Comm dated 8/19/11, 8/18/11, 8/11/11 and 6/30/11) Comment: This is all well and good – – but where is my special cash dividend? (Source: Form 8K) The Board of Directors of MRV Communications, Inc. (the “Company”) is announcing that it is exploring strategic alternatives with respect to its Network Equipment…

Raging Capital Letter Sent to MRV Comm

(See earlier posts on MRVC dated 8/11/11 and 6/30/11)   The Board of Directors MRV Communications, Inc. 20415 Nordhoff Street Chatsworth, CA  91311 Ladies and Gentlemen:    Raging Capital Management, LLC and its affiliates currently own approximately 5.8% of the outstanding shares of MRV Communications, Inc. (the “Company”).   We are writing to the members of…