News Breaks |
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| December 19, 2012 |
| 11:17 EDT |  | PVSW | Loeb Offshore reports 8.56% stake in Pervasive Software, urges sale of company
Loeb Offshore and its affiliated parties stated in a filing that it acquired its stake in Pervasive Software for investment purposes and has made it clear to the company that Loeb believes that the "only appropriate response in light of the fiduciary duty that the board owes to shareholders of the company is to commence a formal process to maximize value for shareholders with a view towards selling the company to the highest bidder." |
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