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 story : : Pitney Bowes’ acknowledges activist investors attempt to change board control, stock rallies #FinanceUSA #StockMarketNEWS Shares of Pitney Bowes Inc. PBI rallied 4.8% in morning trading Monday,

@stockMarketNEWS 11 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

: Pitney Bowes’ acknowledges activist investors attempt to change board control, stock rallies #FinanceUSA #StockMarketNEWS
Shares of Pitney Bowes Inc. PBI rallied 4.8% in morning trading Monday, after the shipping and mailing company acknowledged that activist investor Hestia Capital nominated seven people to the company’s board of directors, while saying shareholders need not take any action at this time. The company, which currently has nine board members, said it will review any proper nominations in due course. “The board and management team have engaged in an open and good faith dialogue with Hestia over many months,? the company said in a statement. “Contrary to Hestia’s assertion, Pitney Bowes is always interested in considering well-qualified candidates to join the board.? Earlier Monday, Hestia, which said it was Pitney Bowes’ third largest shareholder with a 7.2% stake, said there was “compelling justification? for seeking a change in control of Pitney Bowep&Hؙ 8'[ܝ[][H܈]YX][ۈY[HX]HؙZ[YYHXYHوX[]][HZZYY]YKZ[Y^X][ۈ[ZYܝ[]Y8XHZY ]^H&HY IHݙH L[۝[HHɔ
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