- Harmonic (NASDAQ:HLIT) announces a cooperation agreement with Scopia Capital Management LP.
- Under the terms, Scopia has the right to appoint two directors to Harmonic's board of directors during the next year. In addition, Scopia will support Harmonic's slate of nominees at the upcoming 2021 annual meeting and abide by customary standstill and other provisions.
- Shares +1.6% after-hours.