Monday, April 11, 2016

Boingo Wireless Target Of Activist Investor

Los Angeles-based Boingo Wireless, the operator of Wi-Fi networking and small cell site antenna systems, is the target of activist investor Ides Capital, which said last week that it is looking to nominate two directors to Boingo's board. Boingo Wireless responded to Ides Capital's proposal on Friday, saying that it had attempted to reach out to meet with Ides Capital's nominees for the board, and had been rejected, and that it would seek to avoid a potentially costly and distracting proxy contest.

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