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.
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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