Potentially active Power-One investors urge company to meet with Bel Fuse

By Lisa Kerner

Charlotte, N.C., March 17 - Investors led by Warren A. Stephens believe that the senior management of Power-One, Inc. should meet with representatives of Bel-Fuse, Inc. regarding a possible transaction.

In addition, the investors advised Power-One that they intend to take a more activist stance in support of their position. They also urged the company to consider its strategic alternatives including a possible business combination with Bel Fuse, according to a schedule 13D filing with the Securities and Exchange Commission.

The investors may in the future seek to communicate its views with the company's board, management, shareholders or third parties.

Stephens beneficially owns 5,698,070 shares or 6.5% of Power-One's outstanding stock.

Bel Fuse chief executive officer Daniel Bernstein in requesting a meeting with Power-One that the strategic fit between Bel Fuse and Power-One is ideal because the companies have similar product families and complementary technologies.

In addition, combining the two companies would result in "significant opportunities" for synergies and would result in "the broadest range of products in the industry," a prior Bel Fuse news release said.

Power-One designs and manufactures power conversion and power management products. The company is located in Camarillo, Calif.

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