On December 28, 2023, Ancora Holdings announced that it is preparing to challenge the board of directors of Harmonic Inc in a push to get the Company to divest its video business faster. Ancora stated that it has identified candidates for a slate it plans to nominate to the Company's board and is pushing the Company, which has a market capitalization of about $1.4 billion, to use the proceeds from the sale of the video business for share buybacks.
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