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Hasbro Fends Off Activist Alta Fox’s Push for Board Shake-Up

  • Company says shareholders voted to re-elect all 13 directors
  • Alta Fox was seeking to elect one member to Hasbro board
Updated on

Hasbro Inc. investors rejected a board nominee backed by activist investor Alta Fox Capital Management LLC at a shareholder meeting.

Preliminary results show that Hasbro shareholders voted by a substantial margin to re-elect all 13 directors, the company said in a statement Wednesday. Last week, Alta Fox said it was seeking to elect one director to the company’s board after first trying to install five and later three.