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Activist Jeff Smith Says He Plans to Sell 1/4 of His Integrated Device Technology Stake

Jeffrey Smith‘s Starboard Value disclosed in a newly amended 13D that it has entered into a Sales Trading Plan Agreement with Credit Suisse Securities (USA) LLC, under the terms of which Starboard intends to sell 3.7 million shares of Integrated Device Technology Inc (NASDAQ:IDTI). Currently, Starboard owns 12.5 million shares of Integrated Device Technology, which represent 8.4% of the company.

Jeff Smith

Disclosure: none

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