Overland Storage (OVRL) Affirms Merger Proposal from Tandberg Data

Overland Storage (Nasdaq: OVRL) confirmed it has received a proposal from Cyrus Capital Partners L.P., the owner of Tandberg Data (Holdings) Sarl, for a potential business combination between Overland and Tandberg. Consistent with its fiduciary and legal duties, Overland's Board of Directors will evaluate this proposal and other strategic alternatives carefully. Overland has retained Roth Capital Partners as its financial advisor to assist it with this process.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Tavia and Vita Inclinata sign LOI for $450M SPAC merger
• MBX Biosciences names new CEO and CFO amid leadership shift
• Brown-Forman CEO Lawson Whiting to retire after nearly 30 years