Pitney Bowes activist proposes new board, eyes CEO replacement (update)

Pitney Bowes Canada Head Office in Mississauga, Ontario, Canada

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Pitney Bowes Inc. (NYSE:PBI) shares rose in Monday’s premarket trading as activist investor Hestia Capital Management proposes sweeping changes to company management.

The investor, which holds a 7.2% stake in the Stamford, Connecticut-based company, proposed 7 new candidates

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