Match Slams ‘Misleading’ Activist Claims, Says Reviewed Nominees

Match Group Inc. said activist investor Anson Funds Management LP has made “inaccurate and misleading characterizations” of the company, a response to the investor criticizing the board for its “anti-stockholder culture” and nominating three directors.

Anson Funds has “no choice but to publicly pursue refreshment through replacement,” Portfolio Manager Sagar Gupta said earlier Friday in a public letter ahead of the company’s annual meeting, adding that its private feedback has been met with “great resistance.” He also described the current board as “outdated, insular” and “inadequately qualified to oversee a modern technology company primarily serving young adults.”

Without naming Anson ...