Cove Street Triples Its Stake In Comverse: Goes active owning 7.1%

Cove Street went active on Comverse, tripling its stake from the end of 2014 and now owning 7.1% of the $540M market cap IT company.

CSC believes this is an attractive investment opportunity and may engage in a constructive dialogue with officers, directors and other representatives of the Issuer, as well as the Issuers shareholders; topics of discussion may include, but are not limited to, the Issuers markets, operations, competitors, prospects, strategy, personnel, directors, ownership and capitalization. CSC may also enter into confidentiality or similar agreements with the Issuer and, subject to such an agreement or otherwise, exchange information with the Issuer.