Dark Blue Sea Hires Advisor, Defeats Board Resolutions
Monday, August 17th, 2009
Domain company wins board battle but hires outside firm to consider strategic options.
Dark Blue Sea has hired an advisor to explore the company’s strategic options, and has won a challenge to its board makeup.
The company, which operates domain registrar and parking company Fabulous, hired mid-market advisory firm Allier Capital to help it “explore a range of strategic options”, the company announced. The company has been shopping around its service businesses over the past year. With the loss of its GoDaddy sales agreement, it is likely facing increased pressure.
Separately, the company’s board staved off an attack to remove its chairman Vernon Wills and add two board members from Photon Group, a large shareholder. However, Photon Group has been aggressively buying shares of the company on the open market.
Related posts:
- Board Battle Erupts at Dark Blue Sea
- Photon Group Continues to Buy Dark Blue Sea Shares
- Dark Blue Sea Accepts PGA Buyout, What Does it Mean for Fabulous?
Tags: dark blue sea, photon group
Dark Blue Sea Hires Advisor, Defeats Board Resolutions – http://tinyurl.com/ramq95