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At any time, RST is purchased!!!Activist RDG Looking

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lecorb   Friday, 05/29/15 03:24:59 PM
Re: Brentpdc post# 9
Post # of 18 
At any time, RST is purchased!!!Activist RDG Looking to Solve Rosetta Stone -- Market Talk

10:07 am ET May 29, 2015 (Dow Jones)


10:07 EDT - Russell Glass, a former member of Carl Icahn's team, has apparently approached language-learning company Rosetta Stone (RST) about a potential deal, RST discloses. His RDG Capital typically pushes holdings to sell, and often makes an offer to buy, so the move is typical for this activist. RST doesn't put a price on the "expression of interest" it says it will evaluate. But the company also reiterates it believes its own plans are good for shareholders. The stock has been beaten down recently, having fallen 34% this year through Thursday before today amid a reorganization and strategy change. After that was unveiled, the CEO left two weeks later. RST is up 17% at $7.53, cutting the month's swoon to 10%. (david.benoit@wsj.com; @DaveCBenoit)

(END) Dow Jones Newswires

May 29, 2015 10:07 ET (14:07 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.


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