Tag: Trian Fund Management
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ValueAct Capital Reiterates Support For Disney As Proxy Fight Continues
ValueAct Capital reiterated its support for The Walt Disney Company as billionaire Nelson Peltz’s Trian Fund Management continues to push its agenda in a proxy fight for seats on Disney’s board. “As legacy technologies transition to digital platforms, we believe Disney can lead the media industry forward,” ValueAct Co-CEO Mason Morfit said in a statement.…
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The Walt Disney Company Releases Statement on Trian’s Board of Directors Nominations
The Walt Disney Company responded to the nominations by Trian Fund Management, L.P. for the board of Disney. Today, Trian nominated both its CEO Nelson Peltz and also former Disney CEO Jay Rasulo to be on Disney’s board. “As Disney’s largest active shareholder, we can no longer sit idly by as the incumbent directors and…
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Nelson Peltz Drops Proxy Fight with Disney
Activist investor Nelson Peltz has dropped his proxy fight with The Walt Disney Company. A day after Disney CEO Bob Iger announced a new structure for the company. “The proxy fight is over,” said Peltz to Jim Cramer on CNBC’s Squawk on the Street. “Now Disney plans to do everything we wanted them to do,”…