Message Font: Serif | Sans-Serif
No. of Recommendations: 0
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.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.