Windward Management Issues Letter To NETGEAR Board Advising The Immediate Repurchase Of At Least 25% Of The Shares Outstanding, ~$100M, & the Formation Of A Strategic Review Committee To Examine Splitting Off And/Or Selling The NFB Segment
Portfolio Pulse from Benzinga Newsdesk
Windward Management has issued a letter to NETGEAR's board advising the immediate repurchase of at least 25% of shares outstanding (~$100M) and the formation of a strategic review committee to examine splitting off and/or selling the NFB segment. Windward believes these actions could significantly increase shareholder value, with potential upside of 150%+ over the next 12-18 months.
May 29, 2024 | 12:24 pm
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Windward Management has advised NETGEAR to repurchase 25% of its shares and consider splitting off the NFB segment. This could lead to a significant increase in shareholder value, with potential upside of 150%+ over the next 12-18 months.
Windward's recommendations, if implemented, could lead to a significant increase in NETGEAR's stock price. The repurchase of shares would reduce the number of shares outstanding, potentially increasing the stock price. Additionally, splitting off the NFB segment could unlock hidden value, further boosting the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100