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TechTeam fighting takeover attempt from hedge fund.(News)
Crain's Detroit Business, March, 2006 by Fluker, Anjali
Byline: Anjali Fluker As TechTeam Global Inc. fights an attempted takeover by one of its largest shareholders, one analyst said the company needs to be very careful in how it communicates with shareholders. Debra Fiakas, managing director of New York City-based Crystal Equity Research L.L.C., described the Southfield-based information-technology company's stock as "volatile'' partly because the company appeared overly positive about marketplace conditions.
Fiakas said that may have appeared as a warning sign to Brookline, Mass.-based hedge fund Costa Brava Partnership III L.P., which is pushing for the election of a new TechTeam board of directors. "There seemed to be (something strange about) how the company presented itself and its business,'' Fiakas...
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