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The activist investor, who waged a battle against CEO Bob Iger and the media company's board of directors, in large part because of the company's flagging stock price, has sold his entire stake at a hefty profit.
The move comes week after Trian Fund Management's bid was shot down by Disney shareholders earlier this year
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Billionaire Nelson Peltz's Trian Fund Management sold its entire stake in Disney after a boardroom clash. Last month, Disney shareholders supported CEO Bob Iger and the current board over Peltz.
Activist investor Peltz liquidates Disney stake after proxy battle defeat - CNBC