Another Headache For Disney: Activist Investor Nelson Peltz Is Back And Said To Be Seeking Board Seats – Report
deadline.comActivist investor Nelson Peltz, who dropped a long battle with Disney early this year, has amassed a large stake in the media giant and is said to be seeking board seats.
Peltz” Trian Fund, one of Disney’s largest investors with a stake valued at upward of $2.5 billion, is expected to request multiple seats on the board of directors, including one for himself, according to the Wall Street Journal, citing people familiar with the matter.
The investor abandoned his proxy fight with Disney in February. Trian declined comment. Reps for Disney weren’t immediately available.
Peltz formally launched his campaign aggressive proxy campaign in January including outreach to Disney shareholders seeking seats on the board at the company’s annual meeting when directors are elected.
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