Hasbro Has a Second Activist. What That Means for the Stock.
A second activist investor has taken a stake in Hasbro calling for changes at the toy maker, a week after rival Mattel was rumored to be considering going private. On Tuesday, Ancora Holdings sent a public letter to Hasbro (ticker: HAS), in which it supported a call for new members of the company’s board of directors, one of the demands of fellow activist Alta Fox Capital. Ancora, which owns approximately 1% of Hasbro, also urged the company to consider a full or partial sale of its television division Entertainment One.