Silicon Imaging's (SIMG) activist investor Engaged Capital, which said it increased its stake in the semiconductor company to 5.2%, said the company's stock was trading at a 48% to 116% discount based on a sum-of-the-parts analysis.
Activist investor FrontFour Capital on Friday sent a letter to OM Group Inc. (OMG) urging a series of measures to address what it described as "chronic underperformance." The specialty chemicals and materials company has missed financial targets, has a bloated cost structure and is significantly overcapitalized with excess cash trapped within working capital, the letter said.
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