Billionaire Nelson Peltz rakes in $1B after selling entire Disney stake following board fight: report

Billionaire Nelson Peltz’s Trian Fund Management has sold its entire stake in Walt Disney after a boardroom battle with the media giant, CNBC News reported on Wednesday, citing a person familiar with the matter.The hedge fund was Disney’s fifth-biggest shareholder with a 1.77% stake as of March 31, according to LSEG data. It sold the stake at close to $120 per share, CNBC reported, adding that Peltz made about $1 billion.The stock closed at $100.88 per share on Wednesday. Trian declined to comment and Disne ...