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Viavi Solutions shareholder calls for change in strategy

Tuesday 23 August 2016 | 09:46 CET | News
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Viavi Solutions is under pressure form its shareholder Sandell Asset Management to change its strategy. In a public letter to the company, Sandell said that Viavi's share price undervalues the company and the group needs to take steps to realise its potential. Sandell suggested selling the group's loss-making service enablement business unit, starting a share repurchase programme, adding new board members to speed a strategic review and considering a takeover by private equity investors. Viavi CEO Oleg Khaykin responded with his own public letter, saying the company was already working on

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Categories: Fixed
Companies: Viavi Solutions
Countries: World
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