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Activist hedge funds press Tangoe to sell itself: sources
![Activist hedge funds press Tangoe to sell itself: sources]( "Activist hedge funds press Tangoe to sell itself: sources")
Two activist hedge funds are pressing directors of Tangoe Inc. to sell the company, according to people familiar with the matter, citing a weakness in the IT company's business and falling stock price. Ancora Advisors and Engine Capital sent a letter to the company's board of directors last week urging the company to resist the temptation to remain independent, and to do everything possible to seek a buyer, sources said. Tangoe's stock is currently trading at $5.04 per share and its market value is around $200 million.
Seven students, one teacher killed in Japan avalanche
An avalanche Monday killed seven Japanese high school students and a teacher on a mountain-climbing outing, and injured 40 more. More than 100 troops were deployed in a major rescue mission after the avalanche hit ski slopes in Tochigi prefecture north of Tokyo. A total of 52 students and 11 teachers from seven high schools were on a three-day mountaineering expedition when disaster struck.
2017 Chevrolet Malibu Hybrid Achieves Best-in-Class Fuel Economy
The Chevrolet Malibu delivers much substance beyond its shapely styling, from the quiet cabin and generous backseat to the comfortable ride and undaunting controls. And with the hybrid version, t...
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