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Activist investor Nelson Peltz sells entire Disney stake after proxy battle loss
Yahoo ^ | May 29, 2024 | Alexandra Canal

Posted on 05/30/2024 3:57:17 AM PDT by C19fan

Activist investor Nelson Peltz has sold his entire Disney stake, according to a source familiar with the matter.

Peltz sold his position at a price of around $120 a share, which yielded a return of about $1 billion, the source said.

The development, first reported by CNBC, comes after Disney successfully fended off Peltz in his quest to secure board seats at the company, officially ending a highly contested proxy battle that plagued the entertainment giant for months.

(Excerpt) Read more at yahoo.com ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS: disney; woke
“Help Me Obi-Wan KenobiPeltz, You’re My Only Hope.”
1 posted on 05/30/2024 3:57:17 AM PDT by C19fan
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To: All

Oh well. Disney is dead to me. The last Disney product I consumed was “The Last Jedi” back in 2017.


2 posted on 05/30/2024 3:58:40 AM PDT by C19fan
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To: C19fan

Of note since he sold at $120 the price has dropped $20 and sits around $100 as of yesterday.


3 posted on 05/30/2024 4:34:49 AM PDT by reed13k
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To: C19fan

Disney needs to go defunct. Nothing worth saving ..


4 posted on 05/30/2024 5:02:28 AM PDT by Deplorable American1776 (Guns don't kill people, LIBERALS DO!! Support the Second Amendment...)
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To: reed13k

yep, looks like Peltz was playing the win-win game. Win the proxy get board seats, lose the proxy get a billion.


5 posted on 05/30/2024 5:20:11 AM PDT by 22for22
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To: C19fan

I guess Yahoo thinks everyone knows what Peltz was an activist about. Since they don’t give a clue, I assume he must have been a conservative.


6 posted on 05/30/2024 5:31:25 AM PDT by Cincinnatus.45-70 (What do DemocRats enjoy more than a truckload of dead babies? Unloading them with a pitchfork!)
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To: Cincinnatus.45-70

Good point


7 posted on 05/30/2024 5:51:13 AM PDT by Ge0ffrey
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To: Ge0ffrey

Out of respect to Walt Disney the company needs to collapse and disappear.


8 posted on 05/30/2024 6:19:56 AM PDT by hal ogen (First Amendment or Reeducation Camp??)
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To: C19fan

The first indication of the stock market crashing???


9 posted on 05/30/2024 7:13:49 AM PDT by ridesthemiles (not giving up on TRUMP---EVER)
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To: reed13k

The real question is at what price did he buy it at? Did he make a profit.

Was it sold as one block?


10 posted on 05/30/2024 7:35:06 AM PDT by Steven Scharf
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To: Steven Scharf
"Did he make a profit."

Article says that the $1 billion WAS profit.

11 posted on 05/30/2024 4:47:29 PM PDT by Wonder Warthog (NRA Life Member)
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