{"id":12241,"date":"2009-09-30T05:55:07","date_gmt":"2009-09-30T09:55:07","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=12241"},"modified":"2009-09-30T05:55:07","modified_gmt":"2009-09-30T09:55:07","slug":"adaptec-says-steel-partners-would-gut-company","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2009\/adaptec-says-steel-partners-would-gut-company.html","title":{"rendered":"Adaptec says Steel Partners would gut company"},"content":{"rendered":"<p>Reuters &#8211; Adaptec Inc, target of a proxy war led by Warren Lichtenstein&#8217;s Steel Partners, said on Tuesday the activist hedge fund wants to gut the data storage technology company, shed assets and create an acquisition vehicle fueled by Adaptec&#8217;s stash of cash.<\/p>\n<p>More than three weeks after Lichtenstein began soliciting shareholder votes to remove Adaptec&#8217;s chief executive and shrink the board to seven seats from nine, Adaptec&#8217;s board responded by questioning Steel&#8217;s motives and calling attention to Lichtenstein&#8217;s own setbacks of the past year.<\/p>\n<p><a title=\"Read Complete Article\" href=\"http:\/\/www.reuters.com\/article\/rbssTechMediaTelecomNews\/idUSN2916179120090929\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Adaptec Inc, target of a proxy war led by Warren Lichtenstein&#8217;s Steel Partners, said on Tuesday the activist hedge fund wants to gut the data storage technology company, shed assets and create an acquisition vehicle fueled by Adaptec&#8217;s [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[3491,4439,67,11148,992],"class_list":["post-12241","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-acquisition","tag-assets","tag-chief-executive","tag-hedge-fund","tag-shareholder-votes"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=12241"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12241\/revisions"}],"predecessor-version":[{"id":12242,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12241\/revisions\/12242"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=12241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=12241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=12241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}