MedQuist Saga Update…

MedQuist Saga Update… Following a November 07 announcement in which Philips mentioned that they were reviewing their options for shelving in MedQuist, Philips CFO Pierre-Jean Sivignon said on January 21 that they were “hoping to finalize this in the near future.”

On the other hand, MedQuist’s activist shareholder Costa Brava Partnership III LP, which currently holds 1,938,821 shares (5.2% of the total outstanding), sent a letter to the MedQuist board expressing concern about whether the interests of minority stockholders were being fairly represented in the proposed sale of MedQuist. Costa Brava said they “will hold the MedQuist board of management liable if minority shareholders do not receive benefits equal to majority shareholder Royal Philips Electronics NV ahead of a possible sale of the entire company.” >More

…to be continued…

Advertisements

0 Responses to “MedQuist Saga Update…”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




Blog Stats

  • 96,384 hits

%d bloggers like this: