Nelson Peltz STRIKES Disney in NEW Proxy FIGHT | Bob Iger & Disney Board SCRAMBLE
Nelson Peltz STRIKES Disney in NEW Proxy FIGHT | Now More Powerful Than EVER | Disney News | Entertainment News | Disney Stock News | Financial News | Stock Market News | Business News
NELSON PELTZ / TRIAN is BACK in a new fight against the Walt Disney Company for Board of Director seats.
From Wall Street Journal
Nelson Peltz Boosts Disney Stake, Seeks Board Seats
Activist’s Trian Fund Management has accumulated a holding valued at more than $2.5 billion
The activist investor’s Trian Fund Management, now one of Disney’s largest investors with a stake valued at upward of $2.5 billion, is expected to request multiple seats—including one for Peltz, according to people familiar with the matter.
If the company says no, Trian could nominate directors that would be voted on at Disney’s annual meeting next spring. The window for shareholder nominations runs from Dec. 5 through Jan. 4, according to Disney’s proxy materials.
#disney #stockmarketnews #entertainmentnews #breakingnews