Penn Entertainment Faces Proxy Fight From Investor Citing 'Persistent Bad Judgment'
The investor, New York-based HG Vora, has never before launched a proxy battle. It cited “Years of Poor Judgment, Failed Transactions, and Value Destructive Actions” as the rationale behind its move to do so now in a statement released Wednesday.
Major Penn Entertainment Shareholder Launches Proxy Fight
Investor HG Vora is launching a proxy fight at casino operator Penn Entertainment and is submitting nominations for three independent board seats, according to people familiar with the matter. The Wall Street Journal reported in late 2023 that HG Vora was looking to win representation on Penn’s board.
Penn Entertainment shares rise on proxy fight report from WSJ
Shares of Penn Entertainment (NASDAQ:PENN) climbed 3.5% following news that major shareholder HG Vora is launching a proxy fight, aiming to secure three independent board seats. This development comes as the Wall Street Journal reports that the New York-based investment firm has been working to gain the necessary gambling licenses to propose board nominees,
Penn Entertainment up 4% to $21.20 after WSJ report of proxy fight
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Penn Entertainment holder HG Vora set to start proxy fight - WSJ
HG Vora initiates proxy fight with Penn Entertainment, nominating three board members including former CFOs and CEOs.
Major Penn Entertainment Shareholder Is Launching Proxy Fight
HG Vora has criticized the casino operator’s M&A history and share performance.
HG Vora launching proxy fight at Penn Entertainment, WSJ reports
HG Vora is launching a proxy fight at Penn Entertainment (PENN) and is submitting nominations for three independent board seats, Lauren
Exclusive: Activist Ananym plans to launch proxy fight at Henry Schein, sources say
Activist investor Ananym Capital Management plans to nominate as many as half a dozen directors to the board at Henry Schein ...
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Pfizer avoids board nominations from Starboard as proxy fight rolls on: Bloomberg
Following a tough opening salvo from Starboard Value last fall, Pfizer is getting a chance to catch its breath in the ...
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Pfizer proxy fight averted as Starboard stands down, for now
Activist investor Starboard is backing down in its fight at Pfizer after seeing little chance of winning board seats or rousing enough shareholder pressure to force out its CEO. A deadline to ...
Air Products loses proxy fight to Mantle Ridge, CEO stays for now
Air Products and Chemicals shareholders on Thursday handed activist investor Mantle Ridge Capital Management victory by electing three of its four proposed director candidates to the industrial gases ...
Benzinga.com3d
Ancora Holdings Readies Proxy Fight At US Steel Amid Merger Chaos
Ancora, the activist investor, is gearing up for a proxy battle, aiming to replace U.S. Steel’s leadership as it advocates for the company’s shift away from its unsuccessful merger with Nippon ...