Latest news with #boardnominees
Bloomberg
20-05-2025
- Business
- Bloomberg
Elliott Faces First-Ever US Proxy Vote in Phillips 66 Battle
After more than a hundred campaigns targeting US companies, Elliott Investment Management is heading into its first ever proxy vote on home ground. The activist investor will face off with Phillips 66 Wednesday, as it battles to get four of its board nominees elected at the US refiner's annual shareholder meeting.
CNA
09-05-2025
- Business
- CNA
Activist investor Engine Capital ends campaign at Lyft, withdraws board nominees
Engine Capital said on Friday it would end its activist campaign at Lyft and withdraw its board nominees after the ride-hailing platform boosted its stock buyback program. The company increased its stock buyback program to $750 million from $500 million, and said it intends to use $500 million of the authorization within the next 12 months. Last week, Engine Capital had urged Lyft to undertake a $750 million accelerated repurchase, and to consider strategic alternatives, including a sale.
Yahoo
09-05-2025
- Business
- Yahoo
Activist investor Engine Capital ends campaign at Lyft, withdraws board nominees
(Reuters) -Engine Capital said on Friday it would end its activist campaign at Lyft and withdraw its board nominees after the ride-hailing platform boosted its stock buyback program. The company increased its stock buyback program to $750 million from $500 million, and said it intends to use $500 million of the authorization within the next 12 months. Last week, Engine Capital had urged Lyft to undertake a $750 million accelerated repurchase, and to consider strategic alternatives, including a sale. Lyft did not immediately respond to a request for comment. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
09-05-2025
- Business
- Reuters
Activist investor Engine Capital ends campaign at Lyft, withdraws board nominees
May 9 (Reuters) - Engine Capital said on Friday it would end its activist campaign at Lyft (LYFT.O), opens new tab and withdraw its board nominees after the ride-hailing platform boosted its stock buyback program. The company increased its stock buyback program to $750 million from $500 million, and said it intends to use $500 million of the authorization within the next 12 months. Last week, Engine Capital had urged Lyft to undertake a $750 million accelerated repurchase, and to consider strategic alternatives, including a sale. Lyft did not immediately respond to a request for comment.
