Entering text into the input field will update the search result below

Progress Software (NASDAQ:PRGS) discloses activist fund and AOL archenemy Starboard Value is...

May 07, 2012 11:59 AM ETProgress Software Corporation (PRGS) StockPRGSBy: Eric Jhonsa, SA News Editor

Progress Software (NASDAQ:PRGS) discloses activist fund and AOL archenemy Starboard Value is withdrawing its board nominees for Progress' May 31 shareholder meeting, thanks to its satisfaction with the company's recently-announced strategic plan. The plan includes the divestment of ten product lines, a $350M+ share repurchase program, and restructuring efforts that target $40M in annual cost savings.

Recommended For You

More Trending News

About PRGS Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
PRGS--
Progress Software Corporation