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Securities

GameStop Investors Seek Board Seat

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.

Read the source article at reuters.com

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