An artwork depicting the footballer Pele hangs on the wall near the boardroom of a company at Charterhouse Street in London, U.K. (Photographer: Simon Dawson/Bloomberg)

Canyon Capital Is Starting a Boardroom Fight at Navient Corp.

(Bloomberg) -- Canyon Capital Advisors LLC formally launched a boardroom battle at Navient Corp. Thursday in an effort to boost the student-loan servicer’s shareholder returns.