Lone Star Value Reaches Agreement with Edgewater Technology for Board Representation
March 24, 2016
Reuters and other media resources reported on an agreement reached between Olshan client Lone Star Value and Edgewater Technology regarding Board composition. Pursuant to the agreement, Edgewater Technology agreed to increase the size of its Board of Directors by two members and appoint Lone Star Value designees Timothy Whelan and Stephen Bova. Edgewater Technology had previously announced a commitment to exploring strategic alternatives following Lone Star Value’s earlier activist involvement with the company. Steve Wolosky, Aneliya S. Crawford and Ryan P. Nebel represent Lone Star Value in connection with its investment in Edgewater Technology.