Nelson Peltz Just Gave Up on Disney (DIS) Stock

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 $120 per share, making a $1 billion profit. Disney was due to open this morning at $100.90 per share, with a market capitalization of about $184 billion. The proxy battle cost Peltz about $25 million, and Disney spent $40 million.What Now, Mouse?Pe ...