Pitney-Bowes (PBI) said it continues to engage in good faith with Hestia Capital

November 21, 2022 12:57 PM EST


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Pitney Bowes (NYSE: PBI) said in a statement to Streetinsider.com that it has had an ongoing dialogue with Hestia Capital for many months and continues to engage in good faith around Hestia’s prospects.

“Pitney Bowes engages in open and regular communication with shareholders and welcomes constructive feedback on how to improve long-term shareholder value,” company spokesman Bill Hughes said. “This shareholder communication includes an ongoing dialogue with Hestia Capital (“Hestia”) over many months. We continue to engage in good faith around Hestia’s outlook.

Our Board of Directors and our management team remain focused on creating sustainable future value for all stakeholders. We have seen investments in SendTech and Presort lead to stabilization and even growth potential. As we noted in our third quarter results, we are seeing positive volume trends and margin growth in our domestic parcel network within our global e-commerce business. As we continue to navigate a turbulent market, we believe our businesses are very well positioned to succeed in the future.


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