Straits Times Index
3,084.51 +11.52 (+0.37%) Nikkei
33,481.35 -5.54 (-0.02%) Hang Seng
17,035.21 -7.67 (-0.05%) FTSE 100
7,453.75 +30.29 (+0.41%) Bitcoin USD
38,094.58 +202.14 (+0.53%) CMC Crypto 200
790.58 +6.94 (+0.89%)
DIS Jun 2025 65.000 call
- Yahoo Finance
Disney activist Nelson Peltz to take board seat fight to shareholders amid stock lows
Nelson Peltz's Trian Fund Management will seek multiple board seats at Disney — and will take its case directly to shareholders.
- Financial Times
Disney clashes with Nelson Peltz as activist launches new proxy battle
Nelson Peltz has launched a second proxy battle at Walt Disney after the entertainment group rejected his push to join the board, setting off another bitter fight between the activist investor and chief executive Bob Iger. Peltz’s Trian Partners fund, which controls a roughly $3bn stake in Disney, said in a statement on Thursday that it intended to take its “case for change directly to shareholders”, after Iger again turned down Trian’s request for board representation. “Since we gave Disney the opportunity to prove it could ‘right the ship’ last February, up to our re-engagement weeks ago, shareholders lost [about] $70bn of value,” Trian wrote.
- GlobeNewswire
Blackwells Capital Calls on Trian to End its Misguided and "Ego-Driven" Campaign to Seek Board Representation at Disney
NEW YORK, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Blackwells Capital LLC, a shareholder of The Walt Disney Company (“Disney” or the “Company”) (NYSE:DIS) since 2018, today issued its support for the ongoing transformative restructuring led by the Company’s CEO Bob Iger, and stewarded by an enviable Board of Directors recently enhanced through the appointments of James P. Gorman and Sir Jeremy Darroch. Displacing these individuals or other members of the Board with Mr. Peltz and other Trian selected no
