January 30, 2018 / 12:44 AM / 3 months ago

BRIEF-Safeguard Scientifics Issues Statement In Response To Sierra Capital

Jan 29 (Reuters) - Safeguard Scientifics Inc:

* SAFEGUARD SCIENTIFICS ISSUES STATEMENT IN RESPONSE TO SIERRA CAPITAL

* SAFEGUARD SCIENTIFICS-CONFIRMED THAT SUGGESTIONS IN SIERRA’S LETTER CONSISTENT WITH TOPICS DISCUSSED DURING SEVERAL PRIVATE CONVERSATIONS HELD WITH CO​

* ‍SAFEGUARD BOARD AND MANAGEMENT TEAM ARE TAKING DECISIVE ACTIONS TO INCREASE SHAREHOLDER VALUE​

* ‍IMPLEMENTING INITIATIVES TO GENERATE ANNUAL COST SAVINGS OF BETWEEN $5 MILLION AND $6 MILLION Source text for Eikon: Further company coverage:

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