Activist investor Engine Capital ends campaign at Lyft, withdraws board nominees

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 raised its stock buyback program to the level proposed by the investor.It is one of the rare instances of an activist campaign ending within weeks when proxy battles typical

Lyft shares rise as company ups buyback to $750 million

Lyft shares jumped 5% after the company lifted its share buyback plan to $750 million in its first quarter earnings report.

Engine Capital Management LP Purchases 1,012,000 Shares of LKQ Co. (NASDAQ:LKQ)

Engine Capital Management LP increased its position in LKQ Co. (NASDAQ:LKQ – Free Report) by 263.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,396,614 shares of the auto parts company’s stock after buying an additional 1,012,000 shares during […]

Engine Capital Concludes Campaign at Lyft Following Productive Engagement on Capital Allocation Initiatives

Engine Capital LP has announced the withdrawal of its Board of Directors nomination at Lyft (NASDAQ: LYFT) following productive engagement with the company. The decision comes after Lyft's Board committed to implementing significant share repurchases in upcoming quarters, marking an important step towards enhancing shareholder value. Engine Capital's founder, Arnaud Ajdler, expressed satisfaction with the Board's willingness to engage in value-e…

Lyft reports Q1 revenue up 14% YoY to $1.45B, vs. $1.47B est., increases its share buyback program to $750M after activist pressure; LYFT jumps 7%+ after hours

Akash Sriram / Reuters: Lyft reports Q1 revenue up 14% YoY to $1.45B, vs. $1.47B est., increases its share buyback program to $750M after activist pressure; LYFT jumps 7%+ after hours  —  Lyft (LYFT.O) increased its stock buyback program to $750 million and posted a 14% rise in first-quarter revenue on Thursday …