Cannell Capital, Clinton Group Form New Activist Group at ValueVision Media

Carlo Cannell and his hedge fund Cannell Capital has entered into an agreement with activist firm Clinton Group and several other parties, under the terms of which, they have agreed to consult with each other regarding the buying and selling of ValueVision Media Inc (NASDAQ:VVTV) stock. The group, which holds over 10% of ValueVision's outstanding shares, is also looking to hold a special shareholder's meeting "to elect new directors who will install a senior management team that will harness the power of ValueVision's tremendous assets."

Carlo Cannell

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