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00:02Groupon shares rose Monday afternoon after active shareholder Nick Nemeth urged the board
00:06to accelerate share repurchases, adopt a strict $120 million operating cash balance target,
00:12and establish an automated Rule 10B5-1 trading plan. According to Benzinga,
00:17Nemeth's proposal calls for the company to return more excess liquidity to investors rather than
00:22retain it on the balance sheet. The proposed trading plan would allow Groupon to conduct
00:26sustained programmatic share repurchases. The push comes as the e-commerce marketplace
00:30continues a multi-year turnaround. Shares were up 12.89% to $21.54 at the time of publication on
00:38Monday, according to Benzinga Prodata. For all things money, visit benzinga.com.
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