PENN Entertainment holder HG Vora starts proxy fight

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 Enters Proxy Fight with Shareholder HG Vora
Casino operator Penn Entertainment (PENN) has entered a proxy fight with shareholder HG Vora Capital Management, which is nominating three
Penn Entertainment holder HG Vora starts proxy fight (update)
Adds HG Vora confirmation. Penn Entertainment holder HG Vora is starting a proxy fight with the casino company and is submitting nominations for three board members. Penn edged higher by 0.5% in after hours trading after climbing 2.
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 shareholder HG Vora Capital nominates three board candidates
PENN Entertainment (PENN) shareholder HG Vora Capital Management, a New York based investment firm, announced its nomination of three highly
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Penn shareholder HG Vora nominates three director candidates, citing “reckless spending”
HG Vora has nominated three director candidates to Penn, accusing current management of failing to help it reach its “full ...
HG Vora Capital Management Nominates Three Highly Qualified Independent Director Candidates to PENN Entertainment Board
HG Vora Capital Management, LLC ("HG Vora"), a New York based investment firm with deep expertise in the gaming sector and a large shareholder of PENN Entertainment, Inc. (Nasdaq: PENN) ("PENN" or the ...
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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.
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Penn Entertainment gains as holder HG Vora plans to nominate directors
Penn Entertainment (NASDAQ:PENN) rose 4.2% as holder HG Vora indicated its intention to nominate director's to the casino operator's board. HG Vora reduced its stake in PENN to under 5 ...
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 ...
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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 investor ...
Major Penn Entertainment Shareholder Is Launching Proxy Fight
HG Vora has criticized the casino operator’s M&A history and share performance.