After submitting a proxy to nominate himself to the board and push for a sale of the company, Phillip Goldstein, a wee shareholder of First Years Inc., suddenly reversed his stance on May 11. He opted not to fight against the children’s products manufacturer’s slate of directors at its May 17 shareholder meeting. Goldstein, who owns less than 1% of the $92 million market cap company, could not be reached for inquiry regarding his decision not to wage a proxy battle. John Beals, SVP of finance and treasurer of First Years, did not return a call seeking comment regarding the company’s plan with regard to a sale.
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