Engine Capital pushes EPAM for share buybacks or sale, source says
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Engine Capital pushes EPAM for share buybacks or sale, source says
Aug 31 : Activist hedge fund Engine Capital has a 1.5 per cent stake in EPAM Systems and is pushing the software firm to increase share buybacks or consider a sale following stock declines sparked by fears of AI disruption, a source familiar with the matter said.Engine's managing partner, Arnaud Ajdler, urged
Investor Demanded that EPAM Buy Stocks or Sell Business Against the Background of a Fall Due to I.E.
An active hedge fund, Engineering Capital, which owns 1.5 per cent of EPAM shares, in a letter to its board of directors, called for either aggressive buy-backs of its own shares or for a company to be sold. The reason for this pressure was the collapse of EPAM's quotations, with 42 per cent of its paper from the beginning of the year because of fears that the development of EI would destroy the traditional IT outsourcing model, written by Finan…
Engine Capital urges EPAM to launch buyback or explore sale
Activist investor Engine Capital is pressing EPAM Systems to take decisive action to address a sharp decline in its share price, calling on the IT services company to pursue an aggressive stock buyback or consider putting itself up for sale, according to a report by Bloomberg.
Engine Capital Sends Letter to EPAM Systems's Board of ...
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