(CNBC) Hasbro is going on the offensive against an activist investor wants to add new members to the company’s board and spin off the lucrative unit that includes Dungeons & Dragons. On Wednesday, the toymaker issued a letter to shareholders detailing why its current slate of board nominees should be voted in and admonishing the directors proposed by Alta Fox Capital Management, which owns a 2.5% stake in the company worth around $325 million.
Hasbro slams activist investor’s proposed board directors as proxy battle heats up
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