First Take Two, Now Circuity City?


	First Take Two, Now Circuity City?

Matt Kirdahy

2-29-2008 2:14 PM

423 views

Matt Kirdahy says:

This scenario could bear many of the same qualtiies as the Take Two board ouster in March 2007. Boardroom changes made, competitor makes bid for the weakened company within a year.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/8a829365-3e3c-4cd8-b9c2-f5c167139c43/006F37FE-E997-4FB1-9A08-128EBEF49C48/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.businessweek.com/ap/financialnews/D8V439PG0.htm" href="http://www.businessweek.com/ap/financialnews/D8V439PG0.htm" style="font-size: 11px;">www.businessweek.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessweek.com/ap/financialnews/D8V439PG0.htm"><P>A shareholder group has proposed the ouster of the entire corporate board at Circuit City Stores Inc., the electronics retailer that has struggled to maintain market share.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessweek.com/ap/financialnews/D8V439PG0.htm"><P>"The members of Circuit City's board are experienced, committed to increasing shareholder value, and vital to the successful implementation of the company's turnaround plan," the company said in a statement.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessweek.com/ap/financialnews/D8V439PG0.htm"><P>Wattles Capital Management on Friday proposed a clean sweep at the nation's No. 2 consumer-electronics retailer just days after the group nominated five members for Circuit City's 12-member board.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/006F37FE-E997-4FB1-9A08-128EBEF49C48/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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