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
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.
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 ...
Ancora Holdings Readies Proxy Fight At US Steel Amid Merger Chaos
U.S. Steel (NYSE: X) addressed Ancora Catalyst's proxy battle ahead of the 2025 Annual Meeting. Ancora proposes replacing 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 ...
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Investor Who Fought Exxon Will Build Gas Plants for AI with Chevron
Activist investor Engine No.1 is now teaming up with Chevron to build natural gas-fired power plants to meet soaring ...
What's Going On With Pfizer Stock Monday?
Pfizer Inc (NYSE:PFE) shares are trading higher Monday. Some of the optimism may be surrounding activist Starboard Value's ...
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US Steel Faces Proxy Fight as Activist Pushes to End Merger
In response to reports of Ancora’s intentions, US Steel said in a statement that it remains confident in its partnership with Nippon Steel. US Steel shares were down 1.7% in early trading in New ...