Walt Disney Co: "Has Made No Decision With Respect To The Divestiture Of ABC Or Any Other Property And Any Report To That Effect Is Unfounded" - Reuters
Portfolio Pulse from Benzinga Newsdesk
Walt Disney Co has denied reports suggesting that it is considering divesting ABC or any other property, calling such reports unfounded.
September 14, 2023 | 8:57 pm
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NEUTRAL IMPACT
Walt Disney Co's statement denying divestiture plans for ABC or any other property may stabilize its stock price in the short term.
The denial of divestiture plans by Walt Disney Co may alleviate investor concerns, potentially stabilizing the company's stock price in the short term. However, the long-term impact will depend on the company's overall performance and future strategic decisions.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100