1. Activist Investor Urges FairPoint to Sell Itself

    Activist Investor Urges FairPoint to Sell Itself

    Verizon just got one step closer to buying Yahoo Activist investor Maglan Capital renewed calls for FairPoint Communications to put itself up for sale after the company’s CEO suggested he would rather be a buyer than a seller. New York-based Maglan Capital, which owns 7.5 percent of FairPoint’s outstanding shares, fired off a letter to the board on Thursday, reiterating its belief that the phone company is a prime acquisition target and should explore strategic alternatives...

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