Disney Receives Support from Two Investment Firms in Fight with Peltz

Key TakeawaysWalt Disney Co. said two investment firms that support Chief Executive Officer (CEO) Bob Iger plan to back him at the 2024 shareholder meeting, amid investor calls for change.ValueAct Capital Management L.P. said it will vote for the slate of directors offered by the company, while Blackwells Capital LLC indicated it plans to nominate three to the board.The moves came as activist investor Nelson Peltz demands changes at Disney, and seeks to join the board.The battle for control of the leadershi ...