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Nelson Peltz Just Gave Up on Disney (DIS) Stock
DISDisney(DIS) Investor Place·2024-05-30 13:23

Nelson Peltz’s Trian Asset Management has sold its stake in The Walt Disney Co. (NYSE:DIS) stock.Peltz lost his effort to get himself and former Disney executive Jay Rasulo elected to the board following a proxy battle in April. Peltz reportedly sold his stake at 120pershare,makinga120 per share, making a 1 billion profit. Disney was due to open this morning at 100.90pershare,withamarketcapitalizationofabout100.90 per share, with a market capitalization of about 184 billion. The proxy battle cost Peltz about 25million,andDisneyspent25 million, and Disney spent 40 million.What Now, Mouse?Pe ...