Nelson Peltz sells entire Disney stake weeks after losing proxy battle
Publishing timestamp: 2024-05-29 19:23:55
Summary
Activist investor Nelson Peltz has sold his entire stake in Disney after losing a proxy battle in early April. Peltz had been seeking changes in Disney's governance and strategy, but ultimately decided to sell his shares at a profit of about $1 billion.
Sentiment: NEGATIVE
Tickers: DIS,
Keywords: breaking news: investing, nelson peltz, media, breaking news: business, investment strategy, business news, business, walt disney co,
Source: https://www.cnbc.com/2024/05/29/nelson-peltz-sells-disney-stake.html