Activist investor Peltz liquidates Disney stake after proxy battle defeat
Peltz reportedly sold his Disney shares at approximately $120 each, resulting in earnings of about $1 billion from the transaction. The stock is presently trading at around $100.9 per share.
Peltz has been a vocal critic of Disney's governance for some time. In October, he increased his stake in the company to around 30 million shares and reinvigorated his proxy campaign, specifically criticizing Disney's streaming strategy and the unsuccessful succession plan for CEO Bob Iger.
United Kingdom Latest News, United Kingdom 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 »
Nelson Peltz sells entire Disney stake weeks after losing proxy battleIn early April, Trian’s Peltz lost a proxy battle at Disney as shareholders reelected the company’s full slate of board nominees.
Read more »
Disney No Longer Has to Worry About Billionaire Nelson PeltzAfter a proxy battle with Disney, shareholders reelected Disney's slate of board nominees; now, Peltz has apparently sold off his entire stake in the company.
Read more »
Disney Lorcana's Unofficial Pixelborn Simulator to Shut Down After Disney 'Request'Disney Lorcana's unofficial Pixelborn simulator will shut down next month.
Read more »
Oh, Turns Out There Is More Bluey Coming SoonPrepare for a sprinkle of Bluey Minisodes coming this summer on Disney+ and Disney Junior.
Read more »
Disney and Warner Bros. Discovery to launch streaming bundle combining Disney+, Hulu and MaxThe new app will be available for purchase on any of the three streaming platform's websites and offered as both an ad-supported and ad-free plan, the companies said.
Read more »