Brief: Crescendo Partners sends letter to Redknee Solutions' board

Optiva

11/08/2016 23:11

Aug 11 (Reuters) - Crescendo Partners  
    * Delivered a letter to board of directors of redknee 
solutions inc 
    * Plans to nominate directors for next year's annual meeting 
if redknee doesn't take appropriate steps to "maximize 
shareholder value" 
    * Says in letter, crescendo partners urges board to 
immediately commence a broad sale process for entire company 
 
Source text for Eikon:  ID:nCNWDHWfNa  
Further company coverage:  RKN.TO  
 
 ((Bangalore.newsroom@thomsonreuters.com;))