Hestia and Permit’s Agreement with GameStop for Board Representation


Olshan advised Hestia Capital Partners LP on the negotiation

Hestia Capital Partners LP and Permit Capital Enterprise Fund LP and GameStop Corp. reached an agreement under which two new independent directors will be added to the GameStop Board of Directors.

Pursuant to the agreement, the Company will appoint an independent director from among the candidates nominated by Hestia and Permit.

Hestia Capital Management LLC provides investment management services. The Company operates in the United States.

Olshan advised Hestia Capital Partners LP and Permit Capital Enterprise Fund LP with a team including Steve Wolosky (Picture), Elizabeth Gonzalez-Sussman, Ron Berenblat, Shawn Fateh and Arjun Karthikeyan

Involved fees earner: Ron Berenblat – Olshan Frome Wolosky LLP; Shawn Fateh – Olshan Frome Wolosky LLP; Elizabeth Gonzalez-Sussman – Olshan Frome Wolosky LLP; Steve Wolosky – Olshan Frome Wolosky LLP;

Law Firms: Olshan Frome Wolosky LLP;

Clients: Hestia Capital Management LLC; Permit Capital Enterprise Fund LP;