Activist investor Ancora has stake in Hasbro, urges sale of Entertainment One unit
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© Reuters. FILEPHOTO: A toy sold in Manhattan, New York, U.S.A, November 16th, 2021, features the Hasbro, Inc. trademark. REUTERS/Andrew Kelly
(Reuters] – Ancora Holdings Inc is an activist investor with a roughly 1% interest in the company. Hasbro Inc The Wall Street Journal reported Monday that Entertainment One wants to sell its unit to the toymaker (NASDAQ:).
Ancora is also asking Hasbro for the replacement of long-standing directors, said the report, citing an activist’s letter to the board.
Reuters did not receive immediate comment from Ancora or Hasbro.
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