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Edenbrook Capital Initiated Discussions with Magnite Inc (MGNI)

Key Summary: On November 10, 2022, Edenbrook Capital (5.17%) initiated discussions with Magnite's management and Board on business strategy, governance, capital allocation, and strategic alternatives.Edenbrook signaled intent to pursue changes to enhance shareholder value.

Market Cap: $1.2 billion | Magnite, Inc. operates an independent sell-side advertising platform in the United States and internationally.

  • On November 10, 2022, Edenbrook Capital (5.17%) stated that it had engaged, and expected to continue engaging, in discussions with members of management and the Board regarding various matters, including the company's business, management, capital structure and allocation, corporate governance, Board composition, and strategic alternatives and direction. Edenbrook Capital may also take other steps to bring about changes aimed at increasing shareholder value. Source

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