FILE PHOTO: The GameStop store sign is seen at its shop in Westminster, Colorado January 14, 2014. REUTERS/Rick Wilking
(Reuters) – A group of investors in GameStop Corp (GME.N) has asked the video game retailer to appoint a shareholder nominee on the company’s board.
The group, which consists of Hestia Capital Partners LP, Permit Capital Enterprise Fund LP and their affiliates, in a letter to the board said no current director owns a meaningful stake in the company.
The group said they collectively hold about 7.5% of the company’s shares.
GameStop did not immediately respond to a request for comment. The company’s shares were down nearly 11% in premarket trading.
Reporting by Akanksha Rana in Bengaluru; Editing by Sriraj Kalluvila
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