PENN Entertainment and HG Vora Reach Board Truce Deal
PENN Entertainment has concluded a prolonged dispute with activist investor HG Vora Capital Management by appointing three independent directors to its board and signing a cooperation agreement that sets terms for the coming years. The arrangement brings Heather Ace, Jeffrey Fox and Fabio Schiavolin onto the board effective immediately. The agreement, disclosed in a Form 8-K filing with the Securities and Exchange Commission, follows months of tension that escalated into a proxy contest during 2025. HG Vora holds roughly 4.7% […] The post PENN Entertainment and HG Vora Reach Board Truce Deal appeared first on World Casino News.
PENN Entertainment has concluded a prolonged dispute with activist investor HG Vora Capital Management by appointing three independent directors to its board and signing a cooperation agreement that sets terms for the coming years. The arrangement brings Heather Ace, Jeffrey Fox and Fabio Schiavolin onto the board effective immediately. The agreement, disclosed in a Form 8-K filing with the Securities and Exchange Commission, follows months of tension that escalated into a proxy contest during 2025. HG Vora holds roughly 4.7% […]
The post PENN Entertainment and HG Vora Reach Board Truce Deal appeared first on World Casino News.
