CLEVELAND, March 8, 2017 /PRNewswire/ -- Ancora Advisors LLC announced today that it has sent a letter to the Board of Directors of Vishay Precision Group, Inc. (NYSE: VPG). The letter, written by Ancora's Chief Executive Officer and Executive Chairman Mr. Fred DiSanto, states that Ancora intends to actively urge the company's shareholders to support Ancora's 14a-8 proposal to eliminate the company's dual class structure. The letter also urges the company to immediately do either of the following: (1) re-engage the strategic alternatives process in order to find a buyer for the company; or (2) replace current CEO Ziv Shoshani with an external highly-qualified and independent chief executive officer.
Please click the following link to access Ancora's full letter: LINK TO ANCORA LETTER TO VPG BOARD
About Ancora Advisors
Ancora Advisors LLC is a registered investment adviser with the Securities and Exchange Commission of the United States. Ancora offers comprehensive investment solutions for institutions and individuals in the areas of fixed income, equities, global asset allocation, alternative investments and retirement plans. A more detailed description of the company, its management and practices are contained in its "Firm Brochure" (Form ADV, Part 2A). A copy of this form may be received by contacting the company at: 6060 Parkland Boulevard, Suite 200 Cleveland, Ohio 44124, Phone: 216-825-4000, or by visiting the website, www.ancora.net/adv
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SOURCE Ancora Advisors