Did Nelson Peltz Win the Disney Proxy Battle?
Disney(DIS) The Motley Fool·2024-05-30 15:55
An activist reportedly moves on from the media giant.They don't call them activist investors for nothing. Trian Partners' Nelson Peltz has reportedly sold his entire stake in Walt Disney (DIS 0.76%), sources have told Barron's, CNBC, and other financial outlets. Peltz unloaded his more than 32 million shares at "close to $120 a share," according to the unnamed source. It's a price point that Disney stock hasn't traded at since April 4, the day after his bid to take over two seats in the media giant's boardr ...