Activist investors push for GameStop board changes, stock buyback
March 14, 2019
Permit Capital Enterprise Fund and Hestia Capital Partners, which own a combined 1.3 percent stake in GameStop, plan to nominate candidates in an effort to shake up the company’s board. The two investors are also pushing the company to undertake a share buyback. GameStop has seen its share price fall by 26 percent over the past year.
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