Activist Engine Capital Beat Exxon, Now it Hunts Smaller Game With SciPlay
Arnaud Adjler and his Engine Capital said in a June 22 US Securities & Exchange Commission 13D filing that it sent a letter to SciPlay Corp.’s (NASDAQ:SCPL) three independent directors asking them to reject an intellectual property agreement with Light & Wonder Inc. (NASDAQ:LNW), charging that Chief Executive Officer Barry Cottle has a potential conflict of interest with its partner. Engine wrote that they’re concerned that Cottle, who is negotiating the agreement, is also Light & Wonder’s CEO. Q1 2022 hedge fund letters, conferences and more Ajdler noted that the letter was his second to the ...