Ditech Networks and Lamassu Holdings LLC Settle Proxy Contest

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Ditech Networks (NASDAQ:DITC), a global leader in mobile voice processing solutions, today announced that it has settled with Lamassu Holdings LLC on nominees to the company’s Board of Directors. Under the terms of the settlement, the company has agreed to nominate Frank Sansone, Lamassu Holding’s candidate and Alan B. Howe, an experienced industry veteran, as new directors. In view of the settlement agreement with Lamassu and the termination o

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