Hedge fund Indaba pushes Benefitfocus to put itself up for sale
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Indaba Capital Issues Letter to the Board of Directors of Benefitfocus (BNFT)
February 11, 2021 9:17 AM ESTIndaba Capital Management, L.P. (together with its affiliates, Indaba or we), a significant shareholder of Benefitfocus, Inc. (NASDAQ: BNFT) (Benefitfocus or the Company), today issued the below letter to the Companys Board of Directors. In addition, Indaba filed a Schedule 13D Amendment with the U.S. Securities and Exchange Commission and disclosed its recent communications with the Company.
The Board of Directors
Benefitfocus, Inc.
100 Benefitfocus Way
Charleston, SC 29492
Dear Members of the Board of Directors:
Indaba Capital Management, L.P. (together with its affiliates, Indaba or we) is a significant shareholder of Benefitfocus, Inc. (NASDAQ:... More
