Clinton Group Buys More Nutrisystem, Asks Higher Dividend

Law360, New York (September 30, 2013, 6:01 PM EDT) -- Activist hedge fund Clinton Group Inc. has upped its stake in Nutrisystem Inc. to 5.2 percent, calling the weight loss product company's stock undervalued and asking for an increase in dividend, according to a document filed with the U.S. Securities and Exchange Commission on Friday.

Citing the changes made in the last year by Nutrisystem’s new management team and board, Clinton Group President Gregory P. Taxin said that he expects the weight loss supplement company to undergo “substantially more” growth in 2014 than it has in...
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