Disney board fight: Iger on course to beat Peltz
Financial Express Mumbai|April 04, 2024
WALT DISNEY AND CEO BobIger are poised to triumph over Nelson Peltz's Trian Fund Management in a costly, monthslong proxy battle, according to people with knowledge of the matter.
CRYSTALTSE THOMAS BUCKLEY

With more than 60% of the votes counted, Vanguard is backing Disney's slate of board nominees at a much-anticipated meeting set for Wednesday, according to the people, who asked not to be identified discussing confidential information. Vanguard is the biggest investor in Disney, with a roughly 8.3% stake, Bloomberg compiled data show.

BlackRock, with a 6.7% stake making it Disney's second-biggest shareholder, is also supporting the company's slate, said people familiar with its plans. Their backing is a major boost for Disney's board as it looks to stave off a challenge from Trian over leadership and strategy.

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