On March 25, Engine announced a position in Lyft and stated that they are calling for a strategic review, improved capital allocations and the elimination of the company's dual-class share structure.

Engine Capital LP is a value-oriented special situations fund that invests both actively and passively in companies undergoing change. For Investors: Engine Capital LP 212-321-0048 [email protected] ...

Last week, Engine Capital had urged Lyft to undertake a $750 million accelerated repurchase program, and consider strategic alternatives, including a sale.

Activist investor Engine Capital agreed to withdraw its candidates for the Lyft (NASDAQ:LYFT) board following its engagement with the company. The Lyft board boosted its stock buyback to $750 ...

For Investors: Engine Capital LP 212-321-0048 [email protected] For Media: Longacre Square Partners LLC Greg Marose / Bela Kirpalani, 646-386-0091 [email protected] / bkirpalani ...