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Article: Sharper Image Shareholder Seeks Overhaul
- Article from:
- AP Online
- Article date:
- March 9, 2006
- Author:
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
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MICHAEL LIEDTKE, AP Business Writer
AP Online
03-09-2006
Dateline: SAN FRANCISCO
A bicyclist rides past the Sharper Image store on Post street in a San Francisco file photo from Aug. 15, 2005. A major shareholder of Sharper Image Corp. on said it is seeking to take over the company's board in an effort to turn around the ailing high-end gadget retailer. (AP Photo/Eric Risberg, File)
A major shareholder of Sharper Image Corp. on Thursday set out to oust the company's board of directors in a bid to retool the ailing retailer of high-tech gadgets and other offbeat merchandise.
The proposed shake up boosted the company's sagging stock price by more than 22 percent.
The Knightspoint Group, which ...