Disney's Kingdom Shaken As Activist Investor Stirs Up Boardroom With Bold Stock Play
Portfolio Pulse from Chris Katje
Activist investor Nelson Peltz of Trian Fund Management is targeting Disney (NYSE:DIS) with a growing stake in the company and pushing for changes. Peltz is seeking a position on the Board of Directors and has been backed by investor Ike Perlmutter, who has put his entire stake in Disney in Peltz's plan. The Trian stake in Disney is worth around $2.5 billion and would give Trian control of around 2% of outstanding shares. Disney shares are down 22% in the last year.
November 02, 2023 | 8:15 pm
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Disney's stock has been targeted by activist investor Nelson Peltz, who is pushing for changes and seeking a board position. This could lead to significant changes in the company's strategy and governance.
The news of an activist investor targeting a company and seeking changes can often lead to uncertainty and volatility in the stock price. In the short term, this could put downward pressure on Disney's stock as investors wait to see what changes are proposed and how they will impact the company's performance.
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