Accretive Capital Partners Urges Immediate Dutch Auction Tender Offer And Eventual Sale Of Actions Semiconductor Co., Ltd.
- Accretive Capital Partners strongly urges the Board of Directors of Actions Semiconductor to take the following steps on behalf of shareholders immediately.
- Initiate a Dutch auction tender offer for no less than $100 million to repurchase shares.
- Retire all repurchased shares so that shareholders realize the value of the tender offer.
- Correct the blatant misuse of company assets, resulting from direct conflicts of interest among the company’s Board of Directors.
- Explore a sale of the company.