Ancora Advisors Urges OneSpan (OSPN) Board of Directors to Explore the Sale of the Company
Believes that OSPN is severely undervalued and that a sale of the entire Company and/or the Sign business is the best way to maximize value for shareholders
CLEVELAND, Feb. 5, 2019 /PRNewswire/ -- Ancora Advisors, LLC ("Ancora") announced today that they have sent a letter to the Board of Directors of OneSpan Inc. (NASDAQ: OSPN). In the letter, Ancora states they believe the transition from hardware to software has obscured the real growth of the Company's software assets which has caused the market to severely undervalue OneSpan's software business. In light of the numerous risks associated with these types of business transitions, Ancora strongly urges the Board to immediately explore strategic alternatives for the entire Company and/or a sale of the Sign business, as either of those outcomes represent far better risk-adjusted options to maximize value for shareholders than OneSpan's current strategic plan.
Please click the following link to access the full letter: ANCORA LETTER TO ONESPAN BOARD OF DIRECTORS
Contact:
James Chadwick
216-825-4000
SOURCE Ancora Advisors, LLC
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