In early April, Trian’s Peltz lost a proxy battle at Disney as shareholders reelected the company’s full slate of board nominees.
Activist investor Nelson Peltz has sold his entire stake in Disney, according to a person familiar with the matter.
In early April, Trian's Peltz lost a proxy battle at Disney as shareholders reelected the company's full slate of board nominees.Peltz sold all of his Disney stock at close to $120 dollars a share, the person said, making about $1 billion on the position. The stock currently trades for about $100 per share.at Disney in early April as shareholders reelected the company's full slate of board nominees.
Peltz had long taken issue with Disney governance, taking particular aim at the company's streaming strategy and a failed succession plan for CEO Bob Iger. "We are proud of the impact we have had in refocusing this Company on value creation and good governance," Trian said in a statement following the April shareholder vote.Warner Bros. Discovery NBA rights offer could put it in competition with AmazonCelebrity couples
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bluey Minisodes Disney+ Release Date Set for New Series of ShortsDisney Branded Television has officially announced the forthcoming Disney Jr. and Disney+ release of Bluey Minisodes.
Read more »
See all homes sold in these New Jersey counties, April 15 to April 21See all homes sold in these New Jersey counties from April 15 to April 21.
Read more »
San Diego's Weather Forecast for April 29, 2024: Warm end to AprilMegan Parry joined the ABC 10News team in 2014 as an esteemed meteorologist with a passion for delivering accurate weather forecasts and engaging with her community.
Read more »
Selena Gomez and David Henrie Are Pure Magic in 'Wizards Beyond Waverly Place' First LookThe 'Wizards of Waverly Place' reboot will premiere on Disney Channel and Disney+ later this year.
Read more »
Selena Gomez reveals 1st look at 'Wizards Beyond Waverly Place' at Disney UpfrontThe new series is slated to hit Disney Channel and Disney+ later this year.
Read more »
Wizards of Waverly Place Sequel Gets Official Title and First-Look PhotosWizards Beyond Waverly Place will premiere on Disney+ and Disney Channel later this year.
Read more »