Glenn vs. The Volcano

Today saw a "volley across the bow" between Volcano Corporation (Nasdaq: VOLC), a major manufacturer of IVUS, FFR and iFR technologies, and Engaged Capital LLC, an investment firm which holds over two million shares, or 5.1%, of Volcano stock. Engaged founder Glenn W. Welling sent a letter to Volcano demanding that the company begin a search for a new CEO and find a buyer for the company. Volcano immediately issued a statement in response.

Source: News from Angioplasty.Org - September 29, 2014 Category: Cardiology Source Type: news