Disney has come out of its proxy fights with activist investors victorious. It had been engaged in proxy fights from Trian Group and Blackwells Capital.
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The Walt Disney Co. (NYSE: DIS) shares have been surging to 52-week highs, but not necessarily due to material improvements in operations. There is a proxy war being undertaken between billionaire activist investor Nelson Peltz of the Trian Fund and the Walt Disney CEO Bob Iger.
Disney is currently ahead of activist investors including Nelson Peltz’s Trian Group as the proxy battle reaches its climax, with more than half of all shares voted prior to the company’s shareholder meeting tomorrow, according to Reuters. What’s Happening: T. Rowe, which owns
Communications services companies ticked down amid doubts about the impact of consolidation on the sector. Technology investment firm Silver Lake has reached a deal to buy Endeavor Group,. -April 02, 2024 at 05:59 pm EDT
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