Disney (DIS) appears to be winning its proxy fight against Nelson Peltz’s Trian Partners with over half of all shares voted, the Wall Street Journal’s Lauren Thomas and Robbie Whelan report, citing people familiar with the matter. BlackRock (BLK), the second-largest shareholder in the media giant, is among major investors backing Disney, the author notes.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DIS:
- Box Office Battle: âGodzilla x Kong: New Empireâ wins weekend with big $80M
- TTWO, LYV, DIS: Which Entertainment Stock Is the Strongest Buy?
- Disney (NYSE:DIS) Shareholder Showdown: Battle for Board Seats Intensify
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Early notable gainers among liquid option names on March 28th