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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	4/4/2024 5:09:27 PM
	of 2222

EXCLUSIVE BUSINESS Nelson Peltz’s Disney Consolation Prize: A $300 Million Gain Trian Partners lost its bid for board seats, but profited on its investment By Cara Lombardo April 4, 2024 5:30 am ET Share Resize Listen (3 min) Nelson Peltz and Trian Partners had aimed to get two seats on Disney’s board. PHOTO: CALLA KESSLER/BLOOMBERG NEWS Nelson Peltz may have suffered a bruising defeat in his proxy battle with Disney Wednesday, but the sting could be eased by a gain the activist has scored on the investment. Peltz’s Trian Partners has made around $300 million in profit on its 16-month investment, most of it on paper, according to people familiar with the matter. Exc.

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