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Safeguard Scientifics investors call for leadership shakeup

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Investors in Radnor-based venture capital firm Safeguard Scientifics say the publicly traded company should overhaul its structure and replace its current leadership.

In a letter published Wednesday and addressed at the company’s Chairman Robert Rosenthal, Connecticut-based hedge fund Yakira Capital Management — which says it owns 2.41 percent of outstanding Safeguard shares and is among the company’s top 10 shareholders — bashed Safeguard for what it calls an “unwillingness to engage in further constructive dialogue” and questioned whether current leadership had “performed appropriately as fiduciaries tasked with representing the best interests of shareholders.”

“The sad truth is that the only

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