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 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
EST Penn Entertainment (PENN) up 4% to $21.20 after WSJ report of proxy fightInvest with Confidence: Follow TipRanks' Top Wall Street
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
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