HG Vora Escalates Proxy War Against Penn Over Board Seats and Strategy
HG Vora Capital Management has intensified its confrontation with Penn Entertainment, seeking to secure greater influence on the board amid mounting dissatisfaction with the company’s strategic direction and financial performance. The activist investor, which holds a 4.8% equity stake in the gaming operator, is pushing to install three independent directors at Penn’s upcoming annual meeting […]
HG Vora Capital Management has intensified its confrontation with Penn Entertainment, seeking to secure greater influence on the board amid mounting dissatisfaction with the company’s strategic direction and financial performance. The activist investor, which holds a 4.8% equity stake in the gaming operator, is pushing to install three independent directors at Penn’s upcoming annual meeting […]
