Peltz’s Trian seeks Disney board seats after request is rejected
The Walt Disney Company restored its dividend and tightened the rules for nominations to its board, responding to the planned proxy fight announced earlier on Thursday (Friday AEDT) by billionaire activist Nelson Peltz.
Peltz’s Trian Fund Management, which beneficially holds about $US3 billion ($4.5 billion) of Disney stock, said in a statement on Thursday that the entertainment giant had rejected its bid for board seats, forcing it to take the “case for change directly to shareholders”.
Bloomberg
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