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Alta Fox loses Hasbro proxy battle

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Alta Fox loses Hasbro proxy battle
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Activist shareholder Alta Fox Capital has lost its proxy war with Hasbro Inc. Hasbro Inc. (NASDAQ: HAS) said all 13 of its board members were reelected “by a substantial margin” at the company’s annual shareholder meeting. The Texas-based Alta Fox Capital Management LLC, led by hedge fund manager Connor Haley, had waged a vigorous monthslong campaign to replace several Hasbro’s board members, including chairman Richard Stoddart, with its own slate.