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Progress Software Corp (PRGS.OQ)

PRGS.OQ on NASDAQ Stock Exchange Global Select Market

37.29USD
22 Sep 2017
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$0.24 (+0.65%)
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Tue, Sep 19 2017

Progress Software pushes back against activist demands

Progress Software Corp said on Tuesday that it would not follow activist investor Praesidium Investment Management's demands to replace the chairman of its board or buy a privately held company pitched by the hedge fund.

UPDATE 1-Progress Software pushes back against activist demands

Sept 19 Progress Software Corp said on Tuesday that it would not follow activist investor Praesidium Investment Management's demands to replace the chairman of its board or buy a privately held company pitched by the hedge fund.

Progress Software rejects activist investor's demands

Sept 19 Progress Software Corp on Tuesday rejected calls by activist investor Praesidium Investment Management to change its acquisition strategy and replace the chairman of its board.

BRIEF-Progress Software comments on letter from Praesidium Investment Management

* Progress Software comments on letter from Praesidium Investment Management

Investor Praesidium asks Progress Software chairman to step down

Activist investor Praesidium Investment Management on Friday urged Progress Software Corp's chairman, Jack Egan, to resign, and questioned the software maker's acquisition strategy.

UPDATE 1-Investor Praesidium asks Progress Software chairman to step down

Sept 15 Activist investor Praesidium Investment Management on Friday urged Progress Software Corp's chairman, Jack Egan, to resign, and questioned the software maker's acquisition strategy.

Praesidium cuts stake in Progress Software, seeks board seats

Sept 15 Activist investor Praesidium Investment Management on Friday cut its stake in Progress Software Corp and urged the company's chairman of the board, Jack Egan, to resign.

BRIEF-Praesidium Investment Management LLC says delivered letter & presentation to Progress Software’S board

* Praesidium Investment Management Co LLC - on September 15, delivered letter and presentation to progress software’s board - SEC Filing

BRIEF-Progress Software ‍expects Q3 adj. EPS $0.23

* Progress Software announces preliminary financial results for fiscal Q3 2017; better-than-expected Q3 revenues and diluted earnings per share; board of directors raises quarterly dividend 12%

BRIEF-Praesidium says met with Progress Software board to discuss ideas to "enhance shareholder value‍"

* Praesidium Investment Management-on July 31, met with Progress Software board to discuss ideas for board to consider ways to "enhance shareholder value‍"

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