Microsoft strikes agreement with ValueAct Capital

August 30, 2013

Microsoft says it will begin holding regular meetings with San Francisco investment firm ValueAct Capital and potentially give the investor a seat on its board.

ValueAct owns less than 1 percent of the software company's outstanding shares, but is one of its largest shareholders.

Under the agreement announced Friday, ValueAct's President Mason Morfit will have regular meetings with Microsoft Corp. directors and management to discuss a range of business issues. The agreement also gives ValueAct the option of having Morfit join the Microsoft board of directors after the 2013 annual shareholders meeting.

Microsoft's CEO Steve Ballmer says the company is committed to enhancing growth for shareholders and looks forward to ValueAct's input.

Explore further: Microsoft keeps dividend, opens investor question

Related Stories

Dell board committee seeks info on investor plan

May 13, 2013

Dell board members say they need more details from investor Carl Icahn if he wants them to seriously consider his latest challenge to Michael Dell's $24.4 billion plan to take the computer maker private.

Choices: Closer look at 2 plans for Dell's future

July 18, 2013

Dell Inc. has delayed Thursday's vote on founder Michael Dell's plan to take the computer maker private. That's a sign the board needs more time to rally support. Activist investor Carl Icahn and the Southeastern Asset Management ...

Recommended for you

Sydney makes its mark with electronic paper traffic signs

July 28, 2015

Visionect, which is in the business of helping companies build electronic paper display products, announced that Sydney has launched e-paper traffic signs. The traffic signage integrates displays from US manufacturer E Ink ...

1 comment

Adjust slider to filter visible comments by rank

Display comments: newest first

NikFromNYC
1 / 5 (3) Aug 31, 2013
Test...

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.