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After Losing Disney Proxy Fight, Nelson Peltz Claims About $1B In Profit On Stock Gains; Won't Rule Out A Third Effort To Shake Up Board
DisneyDisney(US:DIS) Deadline·2024-04-04 17:15

Activist investor Nelson Peltz, reflecting on his losing proxy battle with Disney, says he will “watch and wait” to see if the company will keep its promises. If not, he told CNBC in an interview Thursday, “you’ll see me again.” Asked by host Jim Cramer if reports were true that his firm, Trian Fund Management, had made $300 million on its Disney investment, Peltz called that figure “dramatically wrong.” When Cramer wondered if the gains were actually in the $1 billion range, Peltz replied, “that sounds mo ...