Millbrook Capital Management Demands that EMS Technologies Speed Up its Sale

May 3rd, 2011
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Millbrook Capital Management (MMI), an activist investor based in New York, sent a letter to the management of EMS Technologies demanding they speed up the sale of the wireless communications company. MMI President Clay Lifflander also pressured the management team to engage an independent special committee to oversee the sales process. MMI, which owns a 7.8% stake in EMS, also criticized the EMS management team’s decision to postpone the annual shareholder’s meeting, where MMI is nominating a slate of four directors to the board.
For Detailed Investor Profiles on these Investors, click below:
Millbrook Capital Management (MMI)
Related People: Clay Lifflander; John S. Dyson
Related Entities: Dyson Family; MMI Investments, L.P.; MMI LP
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles; Investment Management and Hedge Fund Firm Mergers, Acquisitions, Spin-offs and Transactions

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