Ancora Advisors Urges OneSpan (OSPN) Board of Directors to Explore the Sale of the Company
February 05 2019 - 08:57AM
PR Newswire (US)
CLEVELAND, Feb. 5, 2019 /PRNewswire/ -- Ancora
Advisors, LLC ("Ancora") announced today that they have sent a
letter to the Board of Directors of OneSpan Inc. (NASDAQ: OSPN). In
the letter, Ancora states they believe the transition from hardware
to software has obscured the real growth of the Company's software
assets which has caused the market to severely undervalue OneSpan's
software business. In light of the numerous risks associated with
these types of business transitions, Ancora strongly urges the
Board to immediately explore strategic alternatives for the entire
Company and/or a sale of the Sign business, as either of those
outcomes represent far better risk-adjusted options to maximize
value for shareholders than OneSpan's current strategic plan.
Please click the following link to access the full letter:
ANCORA LETTER TO ONESPAN BOARD OF DIRECTORS
Contact:
James Chadwick
216-825-4000
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SOURCE Ancora Advisors, LLC
Copyright 2019 PR Newswire
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