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.

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BlackRock, the second-largest shareholder, reportedly supports Disney in a proxy battle against activist investor Trian Fund Management.

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Disney CEO Bob Iger calls activist campaigns a “distraction” as the company aims to revitalise creative franchises and streaming businesses.

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Despite the stock price increase, Disney faces pressure from activists seeking board seats and strategic changes. The outcome depends on influential index funds.

Source: Pexels