D&D General Begun the Proxy Fight Has (Hasbro Activist Investors)


From the Wall Street Journal, "Hasbro Activist Begins Proxy Fight, Urges Wizards Unit Spinoff."

In a nutshell, Alta Fox Capital Management LLC who has a 2.5% stake in Hasbro is disappointed by the stock price and wants to spin off Wizards of the Coast believing it will increase the values of shares. Alta isn't a fan of Hasbro's current plan blueprint strategy and instead want to switch to a strategy that increase the value of the stock much more quickly. Hasbro believes their plan is better for long term investors. I can't remember seeing D&D in the news this much since the 80s except this time it's corporate raiders instead of Satanist!

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