BUSINESS NEWS

Activist Investor Ancora Has 1% Hasbro Stake



An activist investor has a stake in Hasbro Inc. and is supporting another activist already waging a proxy fight at the toy maker while it pushes the company to make further changes.

Ancora Holdings Inc. has a roughly 1% stake in Hasbro and wants it to explore a full or partial sale of Entertainment One, its unit focused on creating television shows and other content, according to a letter the activist sent to the company’s board that was viewed by The Wall Street Journal. It also wants the company to replace longstanding directors on its board.



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