Walt Disney Says Isaac Perlmutter Owns 78% Of Shares That Peltz Claims Beneficial Ownership Of; Perlmutter Was Terminated From His Employment By Disney Earlier This Year
Portfolio Pulse from Benzinga Newsdesk
Walt Disney has disclosed that Isaac Perlmutter, who was terminated from his employment with the company earlier this year, owns 78% of the shares that activist investor Nelson Peltz claims to have beneficial ownership of.
November 30, 2023 | 4:21 pm
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NEUTRAL IMPACT
The revelation that Isaac Perlmutter owns a majority of the shares claimed by Nelson Peltz could impact Disney's stock as it adds complexity to the ongoing ownership dispute.
The news introduces uncertainty regarding the ownership and potential influence on Disney's board decisions. While this might not directly affect the company's operations, it could lead to volatility in the stock price as investors react to the unfolding corporate governance narrative. However, without further details on the implications of this ownership dispute, the impact remains neutral until more information is available.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80