real-time news and commentary for investors
Tuesday, Aug 7
2012, 10:33 AM
KIT Digital (KITD +22.7%) takes off after disclosing activist investors Seth Hamot and Peter...
KIT Digital (KITD +22.7%) takes off after disclosing activist investors Seth Hamot and Peter Heiland have been added to its board (director Joseph Mullin is stepping down), and that their funds (Costa Brava and JEC Capital) now respectively hold 7% and 8% stakes in the beaten-down IP video software provider. KIT says its board will now "address several expressions of interest" regarding a sale of part or all of the company. (PR) (previous)