Electronic components maker Pulse Electronics Corp urged its shareholders to reject rival Bel Fuse Inc's proposal to nominate two board members, in an attempt to thwart an unsolicited takeover bid. In a regulatory filing on Thursday, Pulse Electronics urged shareholders to vote for its director nominees at its annual meeting on May 18. In February, Bel Fuse offered $6 per share, or about $249 million, to buy Pulse to expand its product offering and reduce costs. The bid was rejected by Pulse saying it significantly undervalued the company. [ID:nL3E7DS21R]
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