In the latest twist in the Disney proxy fight, Blackwells Capital filed suit suggesting possible disclosure violations in how it dealt with ValueAct Capital.
NEW YORK (Reuters) -Blackwells Capital upped the pressure on Walt Disney in a long-running boardroom battle by suing the entertainment giant on Thursday for information that may point to possible disclosure violations in dealings with hedge fund ValueAct Capital. The suit, filed in a Delaware court, is the latest chapter in a fight over who will sit on Disney's board and help guide the home of Mickey Mouse in business and personnel decisions. Blackwells and another hedge fund, Trian Fund Management, are trying to persuade investors to elect their director candidates while Disney is backing its own directors.
(Bloomberg) Blackwells Capital LLC asked a Delaware judge to force Walt Disney Co. to hand over records about its relationship with activist investor ValueAct Capital Management and the role it played in a fight over the makeup of the entertainment giant’s board of directors.Most Read from BloombergFed’s Preferred Inflation Metric Cools While Spending ReboundsTesla’s $25,000 Car Means Tossing Out the 100-Year-Old Assembly LineApple Plans New iPad Pro for May as Production Ramps Up OverseasBan
Blackwells Sues Disney Over Ties to ValueAct in Proxy Fight bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Blackwells questions Disney on ValueAct s pension fund role pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.