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Disney has reportedly secured enough shareholder votes to defeat a challenge against its board mounted by activist investor Nelson Peltz.
By Oliver Darcy, CNN
Disney won enough votes for its board candidates to successfully defeat Nelson Peltz's Trian hedge fund, per an unconfirmed report.
The winner of what is expected to be the most costly proxy battle in history will be revealed today
As Walt Disney Co. looks set to conclude a showdown over the composition of its board, bulls have sent the stock soaring.