Large Unisys Holder MMI Investments To Engage In Talks On Strategic Alternatives

Nov. 7.07 | About: Unisys Corporation (UIS)

In an amended 13D filing on Unisys Corporation (NYSE:UIS), 9.9% holder MMI Investments disclosed that they could acquire up to 14.9% of the stock and said they may engage in talks to regarding the undervaluation and potential strategic alternatives available to the company.

From the filing, "On November 5th the Reporting Persons determined that they and their representatives intend, at any time and from time to time, to engage in a proactive dialogue with members of the Board of Directors and management of the Issuer, as well as with other stockholders and other interested parties, regarding the undervaluation and strategic configuration of the Issuer, potential strategic alternatives available to the Issuer to increase stockholder value and other matters relating to the Reporting Persons' investment in the Common Stock of the Issuer, including, without limitation, the business, operations, governance, management, strategy and future plans of the Issuer."