Disney, Trian’s Peltz Preparing For A Proxy Battle
Media and entertainment giant Walt Disney Co (NYSE:DIS) is attempting to prevent activist investor Nelson Peltz from joining the company’s board, after his asset management firm Trian Fund Management nominated him. Q4 2022 hedge fund letters, conferences and more Peltz Ups the StakePeltz’s move comes less than two months after the Wall Street Journal reported that Trian built a stake worth over $800 million in Disney in an attempt to win a board seat. The stake is now valued at around $900 million with Peltz reportedly looking to further increase his Disney holdings. The asset manager is looki...