{"id":4960,"date":"2006-09-01T00:00:00","date_gmt":"2006-09-01T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"update-1-hedge-funds-threaten-npsi-with-proxy-fight","status":"publish","type":"post","link":"https:\/\/staging.hedgeco.net\/news\/09\/2006\/update-1-hedge-funds-threaten-npsi-with-proxy-fight.html","title":{"rendered":"UPDATE 1-Hedge funds threaten NPSI with proxy fight"},"content":{"rendered":"<p>Reuters &#8211; A group of activist hedge funds on Thursday threatened North Pittsburgh Systems Inc. with a proxy contest if certain measures to boost the value of shares in the telecommunications companyare not taken.<\/p>\n<p>  Bulldog Investors, Santa Monica Partners and Monarch Activist Partners, which collectively hold nearly 8 percent of the shares in North Pittsburgh, in a letter disparaged the company for the  outright rejection of their earlier proposal to hire investment bankers to pursue a sale.<\/p>\n<p>  One member &#8212; James Chadwick, managing partner of Monarch &#8212; said the group is considering making an offer to buy the company at a premium to its current share price. According to the group&#8217;s  analysis, the company is worth about $34 a share, although Chadwick declined to say what the group might offer.<\/p>\n<p><a href=\"http:\/\/www.google.com\/news\/url?sa=T&amp;ct=us\/0-0&amp;fd=R&amp;url=http:\/\/today.reuters.com\/investing\/financeArticle.aspx%3Ftype%3DfundsNews2%26storyID%3D2006-08-31T204404Z_01_N31369463_RTRIDST_0_TELECOMS-NORTHPITTSBURGH-ACTIVISTS-UPDATE-1.XML&amp;cid=1109194473&amp;ei=JAn4RL6XJ4KuoQKOxtSyBQ\">ReadComplete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; A group of activist hedge funds on Thursday threatened North Pittsburgh Systems Inc. with a proxy contest if certain measures to boost the value of shares in the telecommunications companyare not taken. Bulldog Investors, Santa Monica Partners and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4960","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4960"}],"version-history":[{"count":0,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4960\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}