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Innodata announces special committee to investigate board, operations

Dec. 04, 2017 4:58 PM ETInnodata Inc. (INOD) StockINODBy: Brandy Betz, SA News Editor
  • Innodata (NASDAQ:INOD) announces the board is establishing a special committee to determine whether to reduce or sell some of the company’s operations.
  • Innodata announced $2M in cost cuts last quarter and now hopes to cut at least $1M more.   
  • The committee will also review the board’s current composition to decide if the members align with the needs of the business. 
  • Innodata shares closed today down 4.3%.    

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