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In Disney Proxy Battle, A Second Advisory Firm Backs Activist Investor Nelson Peltz

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deadline.com
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Proxy advisor Egan-Jones on Wednesday became the second independent firm to support activist Nelson Peltz‘s effort to secure seats on the Disney board.

The endorsement follows that of ISS earlier this month, which was a notable win for Peltz’s Trian Fund Management as it is the biggest advisory firm and highly influential.

While ISS backed Peltz alone, Egan-Jones is supports both the billionaire activist investor and former Disney executive Jay Rasulo, Trian’s other nominee to the Disney board.

The firm is recommending shareholders withhold support for Maria Elena Lagomasino and Michael B.G. Froman, who are members of Disney’s slate of nominees.

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