Posted 4/3/2024, 12:58:00 PM
Disney Board Candidates Likely to Defeat Activist Investor Nelson Peltz in Shareholder Election
- Disney had enough votes as of Tuesday evening to defeat activist investor Nelson Peltz's board candidates, according to Reuters sources
- Votes put Disney's 12 board director nominees safely ahead of Peltz and Jay Rasulo from Trian Partners
- Blackwells Capital's 3 board candidates also failed to win enough votes
- Official vote counts will be announced at Disney's shareholder meeting on April 3
- Some shareholders may still change votes on April 3, but major shareholders like Vanguard, BlackRock, and T. Rowe Price reportedly support Disney's candidates