Demo Account   Live Account  

Newsroom

  • Share:

Activist investor Peltz liquidates Disney stake after proxy battle defeat - CNBC

Investing.com -- Activist investor Nelson Peltz has offloaded his entire stake in Walt Disney Company (NYSE:DIS), according to a CNBC report on Wednesday.

Peltz reportedly sold his Disney shares at approximately $120 each, resulting in earnings of about $1 billion from the transaction. The stock is presently trading at around $100.9 per share.

This move comes on the heels of Peltz's investment firm, Trian Partners, losing a proxy battle at Disney in early April. During the shareholders' meeting, the company re-elected its full board of directors, despite Peltz's attempts to secure seats for himself and Jay Rasulo, Disney's former Chief Financial Officer.

Peltz has been a vocal critic of Disney's governance for some time. In October, he increased his stake in the company to around 30 million shares and reinvigorated his proxy campaign, specifically criticizing Disney's streaming strategy and the unsuccessful succession plan for CEO Bob Iger.

Following the April shareholder vote, Trian issued a statement expressing pride in its role in refocusing Disney on value creation and good governance.

Despite these developments, Disney shares have seen an increase of about 11% this year, slightly outperforming the S&P 500.

Begin trading today! Create an account by completing our form

Privacy Notice

At One Financial Markets we are committed to safeguarding your privacy.

Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.

Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.

Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.

By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Back to top

English Footer

Office network

One Financial Markets is the trading name of Axi Financial Services (UK) Ltd, a company registered in England with company number 6050593. Axi Financial Services (UK) Ltd is authorised and regulated by the Financial Conduct Authority in the UK (under firm reference number 466201)

The information on this site is not directed at residents of the United States, Belgium, Poland or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

www.onefinancialmarkets.com is owned and operated by Axi Financial Services (UK) Ltd.

Award winning broker
We have been presented with a number of awards that recognise the quality of our service and dedication to our clients :

Best FSA Regulated Broker
Saudi Money Expo

Best Education Product
Saudi Money Expo

Best Broker - Online Trading
IAIR Awards

Best Institutional Broker
Saudi Money Expo

Best FX Services Broker
CN Forex

Top International
FX Broker 2015
Saudi Money Expo

Broker of the Year
Online Trading – Middle East
IAIR Awards

Best Forex
Customer Service 2018
JFEX Awards

We accept the following payment methods:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.