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Walt Disney gains an ally in ongoing proxy battle against Trian Partners (DIS)
January 3, 2024
| The drama surrounding Walt Disney (DIS) and the expanding list of activist investors that are looking to influence the entertainment giant's leadership and direction has taken a couple more turns this morning. As DIS's proxy battle with Nelson Peltz's Trian Partners heats up and carries on, an ally has emerged with ValueAct Capital Management publicly supporting the company's recommended nominees for its Board of Directors. DIS and ValueAct also entered into a confidentiality agreement in which DIS pledged to share information and to consult with the asset management firm on strategic matters. DIS has been a lightning rod for activist activity and that has especially been the case over the ... |
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Issuer — Walt Disney
- Full nameThe Walt Disney Company
- Registration countryUSA
- IndustryMedia
