Disney's Lead in Board Seat Battle with Activist Investors

Tuesday, 2 April 2024, 02:19
Walt Disney is currently on the front foot in the struggle with activist investors for board seats at the global entertainment giant. More than half of all shares have been cast in Disney's favor ahead of the annual meeting. T. Rowe's support, holding approximately 11.7 million shares, has tilted the balance by backing the re-election of two challenged directors, Maria Elena Lagomasino and Michael Froman.
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Disney's Lead in Board Seat Battle with Activist Investors

Disney Gains Momentum Against Activist Shareholders

Walt Disney has taken the lead in the battle for board seats against activist shareholders, with the majority of shares voting in favor of the company before the annual meeting.

Support from T. Rowe Shifts the Balance

T. Rowe, owning around 0.64% stake in Disney, has sided with the company by voting to re-elect directors Maria Elena Lagomasino and Michael Froman, who are facing opposition from Nelson Peltz's Trian Fund Management.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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