Agilysys, Inc. (AGYS) said Wednesday that its Board of Directors has set February 18 as the rescheduled date for a special meeting of shareholders to consider and vote on whether to authorize MAK Capital, its largest shareholder, to increase its ownership to 20% or more, but not to exceed one-third, of the company's outstanding shares. The board also set a new record date. Shareholders of record on January 15 will be eligible to vote at the meeting.
The Agilysys board reaffirmed its determination that it will take no position and will make no recommendation either in favor of or against the proposed control share acquisition.
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