Trian's Nelson Peltz reportedly sold his entire stake in Disney in early April after falling short in his battle for boardroom seats. The stock has fallen nearly 20% since the annual shareholder meeting eight weeks ago, so Peltz got out at a good price.
Nelson Peltz's Trian Asset Management has sold its stake in The Walt Disney Co. (NYSE: DIS ) stock. Peltz lost his effort to get himself and former Disney executive Jay Rasulo elected to the board following a proxy battle in April.
Nelson Peltz, the leader of Trian and corporate raider, tried to get two seats on the Walt Disney Co.
Activist investor Nelson Peltz's Trian Fund Management has sold its entire stake in Walt Disney Co (NYSE:DIS, ETR:WDP), bringing a long-running proxy battle for board-level influence at the entertainment giant to an end. The news was first reported by CNBC, which noted that Peltz failed to rouse shareholder support for his campaign to get a seat on the board for himself and former Disney finance chief Jay Rasulo.
Nelson Peltz may have lost the battle with Disney, but in strict financial terms may have won the war. The activist investor waged a months-long campaign against CEO Bob Iger and the media company's board of directors, ending in a decisive defeat at April's annual shareholder meeting.
ANAHEIM, Calif. — Character and parade performers at Disneyland in California are officially unionized.
Activist investor Nelson Peltz has reportedly sold his stake in the Walt Disney Co., weeks after losing a proxy battle for seats on the company's board of directors.
Billionaire activist investor Nelson Peltz sold off his full stake in Disney on Wednesday, according to multiple reports, an exit made nearly two months after Peltz and his hedge fund, Trian Fund Management, lost its renewed proxy battle against the media and entertainment conglomerate.
In April, Disney shareholders backed Chief Executive Bob Iger and other company directors after a multimillion-dollar, mud-slinging battle launched by Peltz and Blackwells Capital.
Billionaire Nelson Peltz's Trian Fund Management has dissolved its stake in Walt Disney after a boardroom battle with the media giant, CNBC news reported on Wednesday, citing a person familiar with the matter.
Activist investor Nelson Peltz has sold his entire stake in Disney, according to a person familiar with the matter. In early April, Trian's Peltz lost a proxy battle at Disney as shareholders reelected the company's full slate of board nominees.
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