Disney Rallys Support from Activist Hedge Funds To Counter Board Challenge

Benzinga
Benzinga
  • 4 months ago
Activist hedge funds ValueAct Capital and Blackwells Capital are supporting Walt Disney in its defense against a board challenge from Trian Fund Management. ValueAct has reached a deal to advise Disney on strategy and support its board nominees at the upcoming annual shareholder meeting. Blackwells said it will nominate three directors to Disney's board who support the company's strategy.

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