Lyft (LYFT) shareholder Engine Capital said Tuesday it is seeking to elect two independent candidates to Lyft's board to address the company's alleged capital allocation and governance issues.
The activist shareholder, which holds about 1% of Lyft shares, said its nominees would support the elimination of the dual-class share structure, improvement of capital allocation and exploration of strategic alternatives, including sale.
Lyft didn't immediately respond to a request for comment by MT Newswires.
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