Disney gains momentum in battle for board seats against activist investors
An ongoing vote count suggests outcomes could change. Disney executives and activists make last-minute efforts to sway voters.
Source: Pexels
BlackRock, the second-largest shareholder, reportedly supports Disney in a proxy battle against activist investor Trian Fund Management.
Source: Pexels
Disney CEO Bob Iger calls activist campaigns a “distraction” as the company aims to revitalise creative franchises and streaming businesses.
Source: Pexels
Despite the stock price increase, Disney faces pressure from activists seeking board seats and strategic changes. The outcome depends on influential index funds.