Match Group (MTCH) investor Anson Funds is eyeing a proxy fight and plans to nominate several members to the board of the online dating service company, Reuters reported Tuesday, citing two sources familiar with the matter.
Anson Funds, which held a 0.6% stake in the company at the end of December according to a regulatory filing, has been asking Match for more than a year to reassess capital allocation, reduce costs and review its MG Asia business, the sources reportedly told the news outlet.
Three of the company's 10-member board will stand for election in 2025, according to the report.
Match and Anson didn't immediately respond to requests for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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