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Disney paid shareholder ValueAct millions in fees as part of a prior relationship - TL;DR CNBC

Disney paid shareholder ValueAct millions in fees as part of a prior relationship

Publishing timestamp: 2024-03-12 09:35:34


Summary

ValueAct managed Disney pension funds before backing the company in a proxy fight with Trian Partners. Blackwells raised questions about Disney's transparency regarding ValueAct's financial relationship with the company. The proxy fight between Disney and Trian has intensified, with Disney highlighting ValueAct's support while Blackwells questions the board's information sharing.


Sentiment: MIXED

Tickers: DIS

Keywords: businessbreaking news: businesswalt disney coentertainmentbusiness newsmergers and acquisitionsbreaking newsmediabob igeractivism

Source: https://www.cnbc.com/2024/03/12/disney-did-not-share-information-on-valueact-pension-fees-blackwells.html


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