United Kingdom

Sandell Asset Management Corp releases open letter to CEO of Viavi solutions

Tuesday, 16 Aug 2016 

Sandell Asset Management Corp : Viavi should pursue sale of service enablement (se) business segment . "it is our belief that company would benefit from having additional members on board of directors" . "believe that there may be substantial private equity interest" in Viavi . Released a letter to Oleg Khaykin, ceo and president of Viavi solutions . Believe viavi should allocate "meaningful amount" of funds towards accelerated share repurchase program .Take-Private deal may be one path to consider for Viavi; alternatives involving equity sponsor should also be considered.