Tech Exec Carolyn Everson Joins Board As Disney Calls Truce With Dan Loeb
Disney says that it has entered into a support agreement with the hedge fund, which will include “customary standstill, voting and other provisions through Disney’s 2024 Annual Meeting of Shareholders,” per the company.
According to a securities filing, Third Point has agreed to not acquire more than 2 percent of Disney’s outstanding stock; seek the removal of any board member or or propose any new nominees ; present any proposals at Disney’s annual meeting; or solicit a proxy or other referendum from other shareholders.
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