Treasury chairman Paul Rayner told shareholders he believed the board had done the right thing in terminating talks with private equity bidders
earlier this year, with «clear feedback» from almost every major shareholder that a price of $ 5.20 per share
undervalued the
company.
We've been following INFS recently (see
earlier posts here, here, here and here) writing that it is a deeply
undervalued asset situation with two activist investors, Nery Capital Partners and Lloyd I. Miller, III, pushing the
company to «consider the views expressed by its shareholders and pursue new alternatives to increase shareholder value.»