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AOL: Shares Hit High, Starboard Goal Is Blatant Play To Liquidate

May 25, 2012, 7:54 AM
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In a statement intended to squelch the dissent fueled by dissident shareholder Starboard, AOL Thursday pointed out that its share price hit a 52-week high and that its current board, management team and strategies are best suited to increase shareholder value. “AOL stock is up 166% since its low as a direct result of the action taken by AOL’s management and board,” the statement reads, adding, “Rather than present a reasoned strategy for driving stockholder value, Starboard has simply criticized AOL’s long-term strategy and investments in content-based assets, and we believe their goal is to break-up and liquidate the company.”

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