Per Wednesday 22 Sept Dayton Daily News:Two institutional investors, Snyder Capital Mgt LLP and PPM America, have been increasing their holdings since the price plunged and together now own about one third of outstanding EBSC shares. They are acting in concert to demand replacement of two members of the board with people more experienced in retail turnarounds. In contrast to David Nierenberg, who was the largest shareholder with about 5% before their new buying, they are working with EBSC executives and are not calling for replacement of the current CEO nor sale of the company. However, Nierenberger claims they will join his position if a significant turnaround is not evident by the end of the year.
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