ACTIVIST INVESTOR Ancora Holdings, which has a 1% stake in Hasbro Inc., is encouraging the replacement of some Hasbro board members and partial sale of Entertainment One in a letter to Hasbro shareholders.
PAWTUCKET – Another activist investor has entered the proxy fight with Hasbro Inc. Ancora Holdings, which has a 1% stake in the Rhode Island-based toy maker, is encouraging the replacement of some unnamed, "long-tenured incumbents" on Hasbro's board of directors and the partial sale of Entertainment One in its letter to Hasbro shareholders. The investor…
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