March 12, 2020 / 12:30 PM / 20 days ago

GameStop investors seek board seat

March 12 (Reuters) - A group of investors in GameStop Corp has asked the video game retailer to appoint a shareholder nominee on the company’s board.

The group, which consists of Hestia Capital Partners LP, Permit Capital Enterprise Fund LP and their affiliates, in a letter to the board said no current director owns a meaningful stake in the company.

The group said they collectively hold about 7.5% of the company’s shares.

GameStop did not immediately respond to a request for comment. The company’s shares were down nearly 11% in premarket trading. (Reporting by Akanksha Rana in Bengaluru; Editing by Sriraj Kalluvila)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below