A boardroom brawl at Walt Disney is expected to be the most expensive shareholder fight ever, and a chance for everyday investors to have a big impact.
Two activist hedge funds-Nelson Peltz's Trian Fund Management and the smaller Blackwells Capital-are separately going toe-to-toe with Disney to gain spots on its board and challenge the strategy of Chief Executive Bob Iger.
All in, the three parties could spend north of $70 million ahead of an April 3 shareholder vote. They are already shelling out for slick marketing materials, social-media blitzes and the services of proxy solicitors-akin to campaign strategists who wrangle shareholder support for their clients' board candidates.
One reason for the high price: the millions of individual investors who own an outsize portion of Disney's roughly 1.8 billion shares. They control over a third of Disney's stockmore than is typical for a public company. Institutional investors such as BlackRock and Vanguard hold the rest, and their votes carry heft, too.
Getting the word out to such a widespread shareholder base is costly.
The costs could be much lower if the activists don't take their fights to a vote, either by settling with Disney or backing away. Trian called off its first proxy attempt at Disney last year.
هذه القصة مأخوذة من طبعة February 12, 2024 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة February 12, 2024 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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