Reuters was the first to report that Hasbro is poised to prevail over a board challenge from activist hedge fund Alta Fox. This outcome would be a blow to Alta Fox, which had pushed the toymaker to spin off its Wizards of the Coast and Digital Gaming unit and criticized how the company allocated its capital. Early vote tallies show Hasbro ahead of Alta Fox, which nominated one director to the company’s 13-member board
Business & Finance
Reuters reveals Hasbro set to defeat Alta Fox board challenge
07 June 2022, 4:18 pm 1 minute
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Global
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story