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Article: Shareholder Group Begins Outlining Case for Board Changes at White Electronic Designs.
- Article from:
- Business Wire
- Article date:
- December 22, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- The Group of Shareholders of White Electronic Designs Corporation (NASDAQ: WEDC) holding approximately 9.8% of the company's outstanding common stock, today released a letter it wrote to the Company's Board of Directors. In the letter, the Shareholder Group, which has nominated five director candidates to the Company's Board, outlined shareholders' concerns and urged the Board to cease its value-destructive activities and preserve shareholders' remaining equity until shareholders have had the opportunity to vote for the director nominees at the Annual Meeting. Full text of the Shareholder Group's letter follows below:
December 18, 2008
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