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Hey there, hi there, ho there! You’re as welcome as can be – from embattled Disney CEO Bob Iger’s perspective, at least. Disney said Wednesday it won the…

Disney and its CEO Bob Iger said Wednesday they have secured support from ValueAct Capital and Blackwells Capital in a board of directors proxy battle.

(Reuters) -Two activist hedge funds, ValueAct Capital and Blackwells Capital, moved on Wednesday to provide backing to Walt Disney Co as it defends itself against a board challenge from a third activist investor, Trian Fund Management. The unusual twist in the battle for Disney's board underscores the high stakes in the company's attempted turnaround under CEO Bob Iger. Disney said on Wednesday it reached a deal with ValueAct to advise it on strategy and support its director nominees at its annual shareholder meeting.

(Bloomberg) -- Walt Disney Co. Chief Executive Officer Bob Iger is lining up allies as he seeks to stave off pressure from billionaire activist Nelson Peltz.Most Read from BloombergHarvard’s President Quits After Plagiarism, Antisemitism FurorIran Sends Warship to Red Sea After US Sinks Houthi BoatsTokyo Runway Collision Leaves 5 Dead, Aircraft AblazeSaving the Panama Canal Will Take Years and Cost Billions, If It’s Even PossibleSoftBank Veteran Is a Billionaire After Another Huge PaydayValueAct

03.01.2024 - The Walt Disney Company (NYSE: DIS) and ValueAct Capital Management, L.P. have entered into a confidentiality agreement that enables the company to provide information to the investment firm and consult with ValueAct on strategic matters, including ... Seite 1