Workflow
Disney strikes truce with activist investor ValueAct during proxy battle with Nelson Peltz
DisneyDisney(US:DIS) New York Post·2024-01-03 15:24

Activist investment firm ValueAct Capital Management agreed to back Walt Disney’s board nominees at its upcoming shareholder meeting as the entertainment giant looks to fight off a proxy battle from Nelson Peltz.Disney signed an agreement to share confidential company information with ValueAct, plus consult with the San Francisco-based firm “on strategic matters, including through meeting with the Disney Board and management,” per a press release shared with The Post on Wednesday.“ValueAct Capital has a tr ...