According to SGB Online, Korr Acquisitions Group Inc., a New York-based investment advisor and significant shareholder of GoPro Inc., has sent an open letter to Nicholas D. Woodman, chairman, chief executive officer and founder of GoPro, and Kenneth Goldman, the company’s senior independent director, requesting that the company considers a sale. This is the second letter from the shareholder to the company. In the first letter, sent in February, Korr recommended that the board of directors convert all Class B shares into Class A shares to get rid of the super voting rights of CEO and founder Woodman, announce a buyback plan and hire a banker to, among other things, review strategic options. Korr said that management, including Woodman, should also consider a management buyout. In the letter, Korr also suggested that GoPro shares could be worth $15, more than $10 more than what they are currently trading for.
