Lamassu, dissed by Ditech’s lack of response, vows proxy fight(1)
Lamassu Holdings, the Southern California investment firm that first disclosed holding a large chunk of Ditech Networks in December, has since offered to acquire the company outright, according to a filing today with the SEC. Not having gotten a proper respons and “Assuming that (its) offer will be completely ignored or dismissed without a thorough evaluation,” Lamassu intends to nominate two members to Ditech’s board at its next shareholder meeting.
In a letter sent to Ditech’s chief executive and board Feb. 20, Lamassu managing member Timothy Leehealey said he was “writing to express my surprise and disappointment Read the rest of this entry »
Subscribe via RSS all feeds