GameStop Corporation (GME) News

GameStop Corporation (GME)

Today's Latest Price: $4.06 USD

0.27 (-6.24%)

Updated May 29 4:10pm

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Latest GME News From Around the Web

Below are the latest news stories about GameStop Corp that investors may wish to consider to help them evaluate GME as an investment opportunity.

GameStop Blasts Activist Investors' 'Wasteful' Attempt to Change Its Board

Following last Friday's stinging criticism from the hedge funds that own a 7.2% stake in the company, GameStop (NYSE: GME) struck back yesterday with a letter to stockholders lambasting the activist investors. The news release claims the proxy fight is "founded on baseless claims and significant misrepresentation of facts" and is reducing shareholder value by interfering with company operations. Referring to Hestia Capital Partners and Permit Capital Enterprise Fund as the "Dissident Stockholders," GameStop launched a scorching counter-case against the activists' attempts to install two members of their choosing on GameStop's board of directors.

Yahoo | May 27, 2020

GameStop Urges Shareholders To Stay Onside, As Proxy Fight Heats Up

GameStop (GME) has issued a letter to stockholders urging them to vote for Gamestop’s 10 ‘highly-qualified’ directors at the upcoming annual meeting on June 12. According to GameStop, the two candidates nominated by ‘dissident stockholders’ Hestia Capital Partners and Permit Capital Enterprise Fund “lack the qualifications or experience to serve on GameStop’s Board of Directors.”“Hestia Capital Partners and Permit Capital are running a costly and distracting proxy fight, founded on baseless claims and significant misrepresentation of facts” the company stated.It points out that over the last two years, the company has ‘comprehensively refreshed’ the board to oversee its business transformation strategy – GameStop Reboot. “Our refreshed Board benefits from the fresh perspectives of our n...

Yahoo | May 27, 2020

GameStop Highlights the Strengths of its Board of Directors and the Limitations of Hestia Capital and Permit Capital’s Inexperienced Nominees

GameStop Corp. (GME) (the “Company”) today issued a letter to stockholders highlighting its comprehensively refreshed Board of Directors that possesses the diverse array of perspectives and requisite skillsets, including deep industry and institutional knowledge, to execute the transformation and continued growth of its omni-channel video-game business. The letter notes that Hestia Capital Partners, LP and Permit Capital Enterprise Fund, LP have nominated two candidates who lack the qualifications or experience to serve on GameStop’s Board of Directors.

Yahoo | May 26, 2020

Gamestop Urges Shareholders to Reject Activists' Claim for Board Seats

By Yasin Ebrahim

Yahoo | May 26, 2020

GameStop Issues Investor Presentation Highlighting its Progress Driving Value for All Stockholders

GameStop Corp. (GME) (the “Company”) today announced that it has filed a detailed investor presentation titled “Driving Value for All Stockholders,” highlighting GameStop’s significant recent refreshment of the Board and management, as well as leadership’s successful progress on executing the business transformation plan “GameStop Reboot.” The information provided in the presentation supports the Board’s contention that its slate of experienced director nominees are better qualified than the two candidates nominated by Hestia Capital Partners, LP and Permit Capital Enterprise Fund, LP’s (“Hestia Capital” and “Permit Capital,” or collectively, the “Dissident Stockholders”) to guide GameStop through its turnaround and deliver returns to all stockholders.

Yahoo | May 26, 2020

Nintendo Switch Lite is in stock at Target and GameStop: Memorial Day inventory update

Just updated: Here's where you can find the $200 portable version of Nintendo's hot gaming console.

CNET | May 24, 2020

Nintendo Switch Lite is in stock at Amazon, Target, GameStop and Best Buy: Memorial Day inventory update

Just updated: Here's where you can find the $200 portable version of Nintendo's hot gaming console.

CNET | May 23, 2020

Nintendo Switch Lite is in stock at GameStop, Target and Best Buy: Memorial Day inventory update

Just updated: Here's where you can find the $200 portable version of Nintendo's hot gaming console.

CNET | May 22, 2020

The Google Pixel 3A and 3A XL are up to $160 off at several retailers

Google’s midrange Pixel 3A and 3A XL are steeply discounted at Amazon, B&H Photo, and Best Buy, and you can save up to $160. In other news, GameStop is offering a buy two, get one free deal on new and used games.

The Verge | May 22, 2020

ON Semiconductor Appoints Bernie Colpitts, Jr. as Chief Accounting Officer

PHOENIX, Ariz.--(BUSINESS WIRE)--ON Semiconductor (NASDAQ: ON), driving energy efficient innovations, today announced the appointment of Bernard (“Bernie”) R. Colpitts, Jr. as chief accounting officer of ON Semiconductor Corporation and its wholly-owned subsidiary, Semiconductor Components Industries, LLC (“SCILLC”), and vice president, finance of SCILLC. Colpitts was previously senior vice president and chief accounting officer at GameStop Corp., a video game retailer headquartered in Texas. “

Business Wire | May 21, 2020



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