Engaged Capital urges Outerwall to go private, among options

February 18, 2016 3:00 PM

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Outerwall Inc (OUTR.O) shareholder Engaged Capital LLC urged the company to explore strategic options, including taking the owner of Redbox video rental kiosks private.

The hedge fund, which has a 14.6 percent stake in Outerwall, said the company should halt its share repurchase program and sell or shut down its phone recycling business ecoATM, among other options.

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