Napster to Holders: Ignore Dissidents, Re-Elect Board; Says It Has Hired UBS to Consider Strategic Alternatives

This morning, Napster (NAPS) mailed a letter to shareholders advising them not to vote for three dissident investors–Perry H. Rod, Thomas Sailors and Kavan P. Singh–who are seeking seats on the company’s board, and to instead back the three incumbents seeking to keep their seats. Not a big surprise; did you think the board was going to say otherwise?