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  • Writer's pictureBy The Financial District
    • Apr 5
    • 1 min read

Disney Staves Off Peltz In Board Fight

Walt Disney Co. has garnered adequate shareholder votes to overcome a challenge to its board mounted by Nelson Peltz's hedge fund Trian Fund Management, according to sources familiar with the matter, as reported by Svea Herbst-Bayliss and Greg Roumeliotis for Reuters.


Sufficient votes have supposedly been cast to secure Disney's board directors ahead of Trian's two challengers. I Photo: Josh Hallett Flickr



As of Tuesday evening, sufficient votes had been cast to secure Disney's board directors ahead of Trian's two challengers, Peltz and former Disney chief financial officer Jay Rasulo, the sources disclosed.


Additionally, Blackwells Capital, another hedge fund that nominated three board director candidates at Disney, was unsuccessful in its endeavor, the sources added.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

The outcome of this year's most prominent board dispute will be announced at Disney's annual shareholder meeting on Wednesday. However, the sources cautioned that there is always a possibility of some shareholders altering their votes. They requested anonymity ahead of an official announcement.




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