1. Activist Investors Join GameStop’s Board. What That Means for the Stock.

    Activist Investors Join GameStop’s Board. What That Means for the Stock.

    GameStop stock jumped Friday after the videogame retailer said that based on preliminary results , two nominees from an activist investor group were elected to its board of directors. Kurtis Wolf and Paul Evans, who were nominated by Hestia Capital Partners and Permit Capital Enterprise Fund, will join the company’s 10-person board. The group beneficially owns 7.3% of GameStop (ticker: GME) shares outstanding...

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    1. GameStop is a unique player in the gaming industry, and we are excited to be a part of the company's next generation of leadership.
    2. Scion does not believe GameStop needs new individuals who have been identified by a hedge fund to join the Board and disrupt and detract from GameStop's current productive execution of its reboot.
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