Lloyd Miller, a current and former investor in several Silicon Valley companies, disclosed Tuesday being the owner of a 5.9 percent stake in yet another: Ditech Communications of Mountain View.
According to a filing with the SEC, Miller will use his recent purchases of Ditech stock to support Read the rest of this entry »
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 »
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