A group of shareholders in Eugene-based PW Eagle Inc., led by private equity firm Pirate Capital LLC, want the pipe extruder to pursue strategic money-making alternatives, which might include selling the company.
Pirate Capital, which owns about 18 percent of the company, also wants to make changes to PW Eagle's board of directors, according to a Friday filing with the Securities and Exchange Commission. Pirate Capital owns about 2 million shares of PW Eagle common stock.
Neither Pirate Capital nor PW Eagle officials could be reached for comment at press time.
PW Eagle reported a profit of $39.1 million for the quarter ended Dec. 31 and profit of $47 million for 2005.