Stock Market Alert - OPWV Up on Proxy Battle

Posted on Friday 29 December 2006



Stock Market Alert - OPWV had a strong showing on Thursday, trading up almost 8% to close the regular session at $9.52 after the company revealed that Harbinger Capital Partners, the company’s second largest shareholder, would be attempting to put two of its own people on OPWV’s board. Investors cheered this news because Harbinger obviously wants to make as much money on their investment as possible through cost-cutting, and this can only bode well for the share price going forward. Volume was heavy on the news, with over 5.8 million shares of the stock changing hands, compared to a normal daily average volume of just over 2 million shares traded.



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