Activist Client Baker Street Capital Urges Full Review of Strategic Alternatives and the Appointment of Three Board Candidates at Xyratex
Olshan Activist client, Baker Street Capital Management LLC, publicly demanded the addition of its three candidates to the board of directors of Xyratex Ltd. in a press release and letter to the board covered by Associated Press and other media sources. Baker Street criticized Xyratex’ strategic direction and urged a full review of all available strategic alternatives. Baker Street is the largest shareholder of Xyratex with a 23% ownership stake. Steve Wolosky and Meagan Reda represent Baker Street in connection with its investment in Xyratex.