GameStop Corp. (GME): Special activist report

In March 2019, Hestia Capital Partners and Permit Capital urged the company to repurchase up to $700 million and hire a new CEO and nominated four candidates for election to the Board. In May 2019, the company hired a new CFO, Chief Merchandising Officer, and Chief Customer Officer. In June 2019, the company eliminated quarterly dividend and used the cash to repay the debt (approx. $157 million annually). In June 2019, the company announced repurchase of roughly 11.7% of its o/s shares.



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Cracker Barrel Old Country Store, Inc. (CBRL): Special activist report

Biglari Capital is an active shareholder for more than ten years. In March 2019, Biglari Capital urged the company to continue the special dividend of $3.75 per share and threatened that it would launch a proxy campaign if the company failed to declare a special dividend. After the threat of proxy campaign from Biglari Capital, in June 2019, the company announced that it had increased the quarterly dividend by 4%, declare a special dividend of $3 per share and authorized $50 million stock repurchase plan.



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PDC Energy, Inc. (PDCE): Special activist report

Kimmeridge Energy Management disclosed active stake in February 2019. It nominated Board candidates and lost the proxy battle. In April 2019, the company entered into an agreement to divest natural gas gathering midstream assets for $182 million. In May 2019, the company sold certain midstream assets for $37 million and sold water related midstream assets for $125 million. In June 2019, the company sold its gas related midstream assets for $100 million.



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