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Technology Stocks : Walt Disney

DIS 104.26

+1.5%

Nov 21 9:30 AM EST

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From: Sr K	11/30/2023 7:34:53 PM
	of 2222

Nelson Peltz Launches Fresh Proxy Fight Against Disney Activist investor says entertainment company turned down Trian request for board seats By Robbie Whelan Updated Nov. 30, 2023 6:11 pm ET Share Resize Listen (2 min) Nelson Peltz is the founder of Trian Fund Management, which owns about $3 billion in Disney stock. PHOTO: MARCO BELLO/BLOOMBERG NEWS Activist investor Nelson Peltz announced a new proxy fight against Disney after the company rebuffed his request to be added to the board, starting the latest phase in the battle for the entertainment giant’s future. Peltz’s Trian Fund Management said Disney shareholders have lost about $70 billion in value since the activist ended its first campaign in February. Disney Chief Executive Bob Iger has stressed in recent weeks that he is transitioning from a period of fixing to one of building and that he has a plan to turn Disney into a modern media company. Exc.

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