Brief: Cove Street Capital calls upon Penny Family to sell Westell Technologies

Westell Technologies

22/09/2016 16:46

Sept 22 (Reuters) - Cove Street Capital LLC :  
    * Cove Street Capital,other shareholders of Westell 
Technologies, "resoundingly rebuke" co's board of 
directors,strategic direction 
    * At Westell's ASM on Sept 13, 72% of shareholders 
not-affiliated with Penny Family Trust withheld support for 
Robert Penny III,Robert Foskett 
    * Cove Street says call upon Penny Family for immediate 
hiring of an investment banker to sell Westell  
    * Cove Street Capital Llc reports a stake of 16 percent in 
Westell Technologies as of Sept 22 
 
Source text - http://bit.ly/2d2StPm 
Further company coverage:  WSTL.O  
 
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