? Activist investor Nelson Peltz, through his firm Trian Fund Management, amplified his stake in Disney (DIS) to approximately 30 million shares (around $2.5 billion), becoming one of its largest shareholders and reigniting a potential proxy battle.
? Less than a year after Peltz withdrew his first proxy fight with Disney, Trian plans to advocate for multiple board seats, including one for Peltz himself, after Disney’s stock hit a 52-week low. ? The firm’s previous criticisms have encompassed Disney’s $71 billion Fox asset acquisition in 2019, alleged failed succession planning, and “weak corporate governance” over years, while the current focus might also involve operational and governance aspects, with the nomination window for new board members opening on Dec. 5. |
