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.
Pawtucket, R.I.-based Hasbro has a market value of roughly $12.5 billion and sells brands including Play-Doh and Monopoly. While it received a boost in the early days of the pandemic as lockdowns spurred parents to spend on toys, its…
