Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Starboard Value Urges DSP Group Shareholders To Elect Three Nominees To Board

RELATED NEWS
Trade DSPG now with 

In a letter to shareholders of DSP Group Inc. (DSPG: Quote), Starboard Value LP urged them to elect its three independent nominees to serve on DSP Group's board of directors at the upcoming 2013 Annual Meeting.

Starboard Value LP, together with its affiliates, currently beneficially owns approximately 10.1% of the outstanding common shares of DSP Group.

In the letter, Starboard said it nominated three highly qualified and independent director candidates - Michael Bornak, Norman Rice, III, and Norman Taffe - for election to DSP's Board of Directors as Class I directors at the upcoming 2013 Annual Meeting. Starboard stated that its Nominees are running against the Company's Class I director nominees, Eliyahu Ayalon, Zvi Limon, and Reuven Regev.

The company recently proposed to elect Gabi Seligsohn as a Class II director at the Annual Meeting as well. Starboard stated that it not nominating any individual to oppose Seligsohn.

Click here to receive FREE breaking news email alerts for DSP Group Inc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Specialty drugmaker Horizon Pharma plc (HZNP) on Friday managed to redomicile itself as an entity incorporated in Ireland following the completion of its $660 million acquisition of Vidara Therapeutics International plc. The deal will help it avoid paying the high rate of U.S. corporate taxes. The... Stocks showed a lack of direction over the course of the trading day on Friday after failing to sustain an initial upward move. Despite the choppy trading, the Dow once again managed to end the session at a new record closing high. The major averages turned in a mixed performance on the day. President Barack Obama delivered a statement Thursday evening thanking members of Congress for voting to approve legislation granting the U.S. military the authority to train and arm moderate Syrian rebels fighting against the terrorist group known as the Islamic State.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.