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Letter by Bluemountain that owns 1.5% of Taro
Excerpts from Bluemountain's Letter below
OT: Unlocking Shareholder Value
It is our belief that there exists a significant ongoing opportunity to create shareholder value at Taro through, among other best practices, refining of its business strategy, evaluating an optimal capital structure and the use of Taro's growing cash balance, implementing more robust capital markets and shareholder communications, and ensuring that all strategic options are considered on an arm's length basis.