Five9 Under Pressure From Second Activist, Legion Partners, On Costs, Board Seat
Portfolio Pulse from Benzinga Newsdesk
Five9 is facing pressure from a second activist investor, Legion Partners, regarding its costs and a demand for a board seat. This follows previous activist involvement, indicating potential changes in company strategy or governance.
October 22, 2024 | 4:35 pm
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Five9 is under pressure from activist investor Legion Partners, which is focusing on the company's costs and seeking a board seat. This could lead to strategic changes or shifts in governance.
The involvement of a second activist investor, Legion Partners, suggests potential changes in Five9's strategy or governance. However, the immediate impact on stock price is uncertain, as it depends on the company's response and any resulting changes.
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