Spark Networks, owner of JDate, Christian Mingle, as well as other online dating sites, is working with a difficult activist campaign by the hedge investment Osmium Partners, which will be wanting to unseat the board and force a purchase when it comes to business that is difficult.
Then Spark Networks, owner of JDate, Christian Mingle, and a few other niche internet dating sites, is mostly about to have its heart broken if love is just a battlefield.
Osmium Partners is almost particular to win the four board seats it is gunning for when Spark holds its annual shareholder seminar week this is certainly next sources proficient in the certain situation stated, permitting the activist hedge investment to assume control and force a purchase linked to the business. Initially prepared for June 17, Spark has delayed the conference this is certainly yearly, a move these sources stated is inclined to purchasing Spark more time to rally investors to vote down OsmiumвЂ™s proposal or preempt a forced sale by securing its extremely very own buyout offer.
A representative for Spark, which trades beneath the вЂњLOVвЂќ stock ticker, declined to comment beyond citing the businessвЂ™s average man or woman filings.