Friday, 22 August 2014
Last updated 11 hours ago
Feb 20 2008 | 7:41am ET
Unisys Corp. has again delayed its annual meeting to give it more time to speak with a hedge fund agitating for a sale of one of its units.
New York-based hedge fund Millbrook Capital Management is pushing the Blue Bell, Pa.-based information technology company to consider an initial public offering of part of its U.S. government services business. The company said the delay until July 24 will give it and its investment banker, Bear Stearns, time to explore “certain portfolio rationalization and other actions that may enhance shareholder value.”
Millbrook’s MMI Investments owns a 9.9% stake in Unisys.
Unisys also pushed back its deadline for advance notice of shareholder proposals to June 2.
Millbrook said yesterday it approved of the delay.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note