Brief: Engine Capital LP delivers letter to PFSweb and Speed Commerce

Speed Commerce

29/12/2014 15:07

Dec 29 (Reuters) - Engine Capital LP: 
 * Engine Capital LP says "Combination (of PFSW and SPDC) would create a number-two player with significant scale" 
 * Engine Capital delivers letter to PFSweb and Speed Commerce 
 * Engine Capital LP says "We think that a merger of both companies offers 
   an opportunity to create significant additional value" 
 * Engine Capital - "Endeavored to quantify these cost saving opportunities 
   and are conservatively estimating at least $12 million" in various buckets 
 * Engine Capital - Suggest each company's board form special committee, with 
independent directors and own financial advisor to analyze benefits of deal 
 
* Source text for Eikon  ID:nPnbK7RBx  
 
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