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21.01.201502:49:45UTC+00Starboard urges HR services provider Insperity to explore sale

Activist investor Starboard Value LP advised human resource services provider Insperity Inc to explore a potential sale, calling the company deeply undervalued.

Starboard also suggested ways for management to improve execution, cut operating expenses and improve capital allocation.

Starboard said Insperity can boost operating margins by cutting corporate overheads — including selling its two corporate jets — and shifting away from TV advertising and other sports-related marketing,

Insperity has a market cap of about $920.6 million. 

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