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United Online rejects B. Riley offer, taps adviser for strategic review

Nov 25, 2015 - The Deal Pipeline

As activist-pressured United Online Inc. (UNTD) launches a strategic alternatives process after rejecting an unsolicited takeover proposal from B. Riley Capital Management LLC, investors remain concerned that the Internet services company will opt for an acquisition over a sale. The Woodland Hills, Calif., company has retained JMP Securities LLC to serve as financial adviser on the strategic review, according to a Wednesday, Nov. 25, announcement.

Managing director Gavin Slader is lead...