Monday, February 22, 2016

Outerwall Investor Group Seeks Sale Of Company

Bellevue-based Outerwall is battling an investor group, Engaged Capital LLC, which wants the company to put itself up for sale or consider other strategic alternatives. Engaged Capital, which owns nearly 15 percent of Outerwall, announced that it would pressure Outerwall to stop share repurchases and sell off units at the company last week. Outerwall is the parent company of Coinstar and Redbox, along with ecoATM.