Battle for Disney's Future - Nelson Peltz Gains Strong Backing from Perlmutter
Portfolio Pulse from Vandana Singh
Isaac Perlmutter, former Marvel executive and significant independent shareholder in Walt Disney Co (NYSE: DIS), has pledged his support to Nelson Peltz's Trian Fund Management. Trian now holds approximately 33 million Disney shares, including those controlled under a voting arrangement that gives Peltz's firm exclusive voting authority over Perlmutter's shares. This alliance strengthens Trian's position, allowing them to press Disney CEO Bob Iger for board seats and other transformative measures. Disney shares have fallen significantly in the last year and are trading at decade lows.
October 30, 2023 | 1:40 pm
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NEUTRAL IMPACT
The alliance between Isaac Perlmutter and Nelson Peltz's Trian Fund Management strengthens Trian's position in Walt Disney Co, potentially leading to significant changes in the company's board and strategy. Disney's stock has been performing poorly, trading at decade lows.
The alliance between Perlmutter and Peltz could lead to significant changes in Disney's board and strategy, which could potentially impact the company's stock performance. However, it's uncertain whether these changes would be positive or negative for the stock. Disney's stock has been performing poorly, which could make it more susceptible to news and events.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100