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News Breaks
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September 28, 2009
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| 15:23 EDT |  | EFII |
| theflyonthewall.com: | Blum Capital calls for $2/share special dividend from Electronics Imaging | | Blum Capital has sent a letter to Electronics for Imaging's (EFII) board of directors requesting the company return $100M, or roughly $2 per share, to share holders through a one-time special dividend as soon as "reasonably practicable." Blum said that while they were willing to "entertain" an accelerated share repurchase program, but are more convinced today that a special dividend is a superior method to return excess capital to holders from a real estate divestiture. Blum Capital holds a 9.4% stake in the company. For the latest breaking news, listen to Fly Radio :theflyonthewall.com |
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