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 ...

What's happening: 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 ...

Engine Capital Issues Presentation Highlighting the Case for Boardroom Change at Lyft and Opportunities for Meaningful Value Creation Apr. 29, 2025 8:00 AM ET Lyft, Inc. (LYFT) ...

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

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] ...

Lyft has not yet commented on the reports and Engine Capital has declined to provide further details. LYFT Price Action: Lyft shares were up 2.29% at $12.50 at the time of writing, according to ...

Engine Capital LP (together with its affiliates, “Engine” or “we”), which owns approximately one percent of the outstanding common shares of Lyft, Inc. (NASDAQ: LYFT) (“Lyft” or the ...