Penn Entertainment's stock rises as hedge fund HG Vora reportedly seeks board seats
PENNPENN(PENN) Market Watch·2023-12-28 15:47

Penn Entertainment Inc.’s stock PENN, -1.50% was up by 1.9% in premarket trading on Thursday after The Wall Street Journal reported that its 18.5% shareholder, hedge fund HG Vora Capital Management, is seeking seats on the casino operator’s board of directors. Citing people familiar with the matter, the WSJ report said HG Vora is in negotiations about placing directors on the company’s board, but the sources did not say how many seats are being requested. If the talks fail to bear fruit, HG Vora could inste ...