Nov. 30, 2023 11:21 am ET
Activist investor Nelson Peltz intends to launch a new proxy fight against Disney after the company rebuffed his request to be added to the board.
Peltz’s Trian Fund Management said Disney shareholders have lost about $70 billion in value since the activist ended its first campaign in February. Trian said that it spoke to Disney CEO Bob Iger on Thursday and that the company’s board agreed to meet with the investment firm, but wouldn’t grant its request for board representation.
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