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Disney appoints new board members by end of 2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Public announcements from Disney or financial news reports
Story
Nelson Peltz Sells Entire Disney Stake for $1 Billion After Proxy Battle Loss
May 29, 2024, 10:02 PM
Activist investor Nelson Peltz has sold his entire stake in Disney following a recent proxy battle defeat. According to CNBC reports, Peltz's investment firm Trian Partners sold the shares at approximately $120 per share, generating about $1 billion. This sale comes weeks after Peltz's unsuccessful attempt to secure board seats at Disney. Disney's stock has since dropped to around $100 per share. Walt Disney shares are down 0.7% following the news.
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