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U.S. Securities and Exchange Commission
Starboard Value makes bid to acquire RealD
Starboard Value makes bid to acquire RealD

New York-based investment firm Starboard Value has made an offer to acquire RealD Inc., the struggling 3-D cinema technology company based in Beverly Hills. Starboard Value, which specializes in undervalued small-cap companies, disclosed in a Securities and Exchange Commission filing that it had taken a nearly 10% stake in RealD and had offered to buy the remainder of the business for $12 a share, or nearly a 30% premium above the current share price. In a letter today to RealD Chief Executive Michael Lewis and the company's board, Starboard stated the company would be better off as a private business, saying RealD's "near-term financial performance ... may suffer given...

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