Form SC 13D OUTERWALL INC Filed by: Engaged Capital LLC
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Engaged Capital Confirms 14.1% Stake in Outerwall (OUTR) - 13D
February 8, 2016 8:38 AM ESTConfirming earlier reports, hedge fund Engaged Capital LLC filed a 13D on RecBox owner Outerwall (NASDAQ: OUTR), disclosing a 14.1%, or 2,335,170 share, stake in the company.
The fund didn't get too specific in the filing but according to the earlier report from Bloomberg, Engaged Capital will push for a sale.
Outerwall is said to have rebuffed at least three buyout firms in the past two years.
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