Engine Capital Urges EPAM Buybacks or Sale
Activist hedge fund Engine Capital is urging EPAM Systems to launch major share buybacks or explore a sale. The firm argues that the software company's status quo is untenable following a steep stock decline.
Insights:
Activist hedge fund Engine Capital is pushing software firm EPAM Systems to pursue aggressive share buybacks or explore a sale following a 40% stock tumble. The New York-based fund disclosed its 1.5% stake in the United States company on Monday. The intervention highlights mounting pressure on mid-tier IT providers struggling with broader sector headwinds.
