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.
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 ...
HG Vora has nominated three director candidates to Penn, accusing current management of failing to help it reach its “full ...
HG Vora made the move it has been working toward, nominating three directors to take seats on the board of ESPN Bet parent company.
PENN Entertainment, Inc. (Nasdaq: PENN) ("PENN" or the "Company") today confirmed that its Board of Directors has received ...
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 ...
HG Vora has criticized the casino operator’s M&A history and share performance.
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