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 ...
Oh well. Disney is dead to me. The last Disney product I consumed was “The Last Jedi” back in 2017.
Of note since he sold at $120 the price has dropped $20 and sits around $100 as of yesterday.
Disney needs to go defunct. Nothing worth saving ..
yep, looks like Peltz was playing the win-win game. Win the proxy get board seats, lose the proxy get a billion.
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.
Good point
Out of respect to Walt Disney the company needs to collapse and disappear.
The first indication of the stock market crashing???
The real question is at what price did he buy it at? Did he make a profit.
Was it sold as one block?
Article says that the $1 billion WAS profit.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.