Starboard Nominates 6 Directors In Tessera Shakeup Effort

Law360, New York (April 17, 2013, 2:23 PM EDT) -- Activist hedge fund Starboard Value LP on Wednesday notified the U.S. Securities and Exchange Commission of its plans to install a slate of new directors to the board of Tessera Technologies Inc., making good on its promise to push for a major shakeup.

Along with its filing, Starboard sent a letter to fellow Tessera investors restating its case for new leadership and urging support for a reshuffled strategy. The document echoed old jabs over the inexperience of the semiconductor maker's proposed board members and blasted disappointing...
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