Engine Capital’s Agreement with Navigant Consulting

Olshan client Engine Capital announced that it has entered into an agreement with Navigant Consulting, Inc., whereby the company has approved an expansion of its share repurchase authorization to $175 million and will target repurchasing shares in that amount by the end of 2020 as part of a longer-term capital return program.

In connection with the agreement, Engine Capital has agreed to withdraw its slate of director nominees for election at the 2018 Annual Meeting.

Engine Capital, L.P. is a hedge fund launched and managed by Engine Investments, LLC. The fund invests in public equity markets of Canada and United States.

The Olshan team that advised Engine Capital included Andrew Freedman (Picture), Mohammad Malik, Dorothy Sluszka and Shawn Fateh.

Involved fees earner: Andrew Freedman – Olshan Frome Wolosky LLP; Mohammad Malik – Olshan Frome Wolosky LLP; Dorothy Sluszka – Olshan Frome Wolosky LLP; Shawn Fateh – Olshan Frome Wolosky LLP;

Law Firms: Olshan Frome Wolosky LLP;

Clients: Engine Capital LP;

Author: Ambrogio Visconti