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Disney investors relieved as Nelson Peltz exits

Posted on AllSides May 30th, 2024
From The Right

Disney investors appear at ease after activist investor Nelson Peltz reportedly hit the road. Shares of the media conglomerate rose Thursday, even as the broader market traded sharply lower, after CNBC reported Peltz’s firm, Trian Partners, had dissolved its entire $3.5 billion stake at $120 per share. Trian declined FOX Business’s request for comment. Disney did not immediately respond to a request for comment. In a bad blood battle that lasted for months, Iger defeated the activist’s push for board seats amid Disney's underperforming stock, winning election of its full...

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