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Wynnefield Capital Takes Omega Protein To Task Over Diworsification

Omega Protein, the developer of nutritional products for both animals and humans, has an activist investor, Wynnefield Capital - the small activist fund sent a letter [full letter here]

In the letter to the board, Wynnefield Capital Management said that it has “never observed a more glaring case of ‘diworsification' than the risky and unsuccessful efforts of Omega Protein Corporation to enter the human nutrition field”. The hedge fund believes that the company's actions have “flushed away” $150 million...