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PENN Entertainment holder HG Vora starts proxy fight
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 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.
Penn Entertainment holder HG Vora starts proxy fight (update)
HG Vora initiates proxy fight with Penn Entertainment, nominating three board members including former CFOs and CEOs.
Legal Sports Report
7h
ESPN Bet Parent Faces Proxy Battle After Interactive ‘Abject Failure’
HG Vora made the move it has been working toward, nominating three directors to take seats on the board of ESPN Bet parent company.
Business Wire
20h
PENN Entertainment Confirms Receipt of Director Nominations
PENN Entertainment, Inc. (Nasdaq: PENN) (“PENN” or the “Company”) today confirmed that its Board of Directors has received ...
Investing
15d
PENN stock rises amid potential proxy battle
On Wednesday, shares of
PENN
Entertainment
Inc (NASDAQ:
PENN
) climbed to $20.65, marking a notable 12.9% surge over the past week, following news of a potential
proxy
battle as activist ...
1d
Major Penn Entertainment Shareholder Is Launching Proxy Fight
HG Vora has criticized the casino operator’s M&A history and share performance.
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