Shares of CTPartners Executive Search Inc. (AMEX:CTP) rose 2% March 20, 2015 after shareholder Maguire Asset Management LLC submitted a letter to the board urging an immediate sale process and the appointment of new independent board members. In the letter, Maguire Asset Management said it believes CTP could be sold to strategic buyer for $12 to $16 a share, which represents a significant premium relative to the stock's current price of around $6 a share. The shareholder added, "the best way to maximize shareholder value in situations like this is to engage DHR International as one of many potential bidders in a well-run auction process."