Hasbro calls for rejection of Alta Fox board nominees

HASBRO INC.'s shareholders will vote June 8 on the proxy battle with activist investor Alta Fox Capital Management, according to letter from the toy company to its shareholders. / PBN FILE PHOTO
HASBRO INC.'s shareholders will vote June 8 on the proxy battle with activist investor Alta Fox Capital Management, according to letter from the toy company to its shareholders. / PBN FILE PHOTO
PAWTUCKET – Hasbro Inc. is telling its shareholders that an activist investor "lacks an understanding" of the company and its slate of candidates for Hasbro's board of directors should be rejected in a June 8 proxy vote. In a letter to shareholders issued Monday, Hasbro called the proxy campaign by Alta Fox Capital Management "ill-timed"…

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