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, which holds a 1.5% position in EPAM, has told the company’s board that the stock’s more than 40% decline this year has created an opportunity for management to deploy capital to support the share price or investiga...
Continue Reading
Sign up for FREE to read the full article and access 158K+ alternative investment headlines.
Alternative Investment News