"Disney Gains Upper Hand in Proxy Battle Against Activist Investors"
TL;DR
Walt Disney Co. is currently leading in a proxy fight against Nelson Peltz with over half of the votes counted, as major investors like BlackRock and T. Rowe Price back Disney's management. However, the outcome is still uncertain as investors continue to cast and potentially change their votes. Peltz's Trian Fund Management has garnered support from investors including Neuberger Berman and the California Public Employees’ Retirement System. The battle for board seats will be decided at Disney's annual meeting on April 3.
- Disney Is Leading Proxy Fight With Half of Votes Counted, WSJ Says Yahoo Finance
- This Disney War Has Already Paid Off The Wall Street Journal
- Disney edges ahead in battle for board seats with activist investors Yahoo Finance
- As Disney Fights Nelson Peltz, Small Shareholders Loom Large The New York Times
- Disney and activist investors gear up for battle at annual meeting: What to know Fox Business
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