‘The proxy fight is over. This is a win for all shareholders,’ a spokesperson for Nelson Peltz’s Trian Fund Management said on Thursday
after Chief Executive Bob Iger laid out plans to fix the home of Mickey Mouse that inspired Wall Street to push the stock price higher.
The decision, first reported by CNBC, came only hours after Iger announced earnings that topped Wall Street expectations and announced a corporate restructuring that addresses many of Peltz’ criticisms. Trian owns a nearly $1-billion stake in Disney and had criticized the company for a bungled succession planning, overpaying for new assets and runaway costs.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Toronto FC sells young Canadian winger Jayden Nelson to Norway’s Rosenborg BKJayden Nelson made 50 appearances across all competitions for Toronto FC, but found himself behind Lorenzo Insigne and Federico Bernardeschi when they joined the MLS club
Read more »
Young star Jayden Nelson transferred from TFC to Rosenborg of Norwegian league“It has been a pleasure to work with Jayden and see his progress here at his hometown club,” said TFC head coach Bob Bradley.
Read more »
TFC transfer homegrown winger Nelson to Norwegian club, drop exhibition match to Whitecaps“It has been a pleasure to work with Jayden and see his progress here at his hometown club,” said TFC head coach Bob Bradley.
Read more »
Disney faces losing control of its kingdom with Florida billORLANDO, Fla. (AP) — Disney’s government in Florida has been the envy of any private business, with its unprecedented powers in deciding what to build and how…
Read more »
‘The Simpsons’ Episode Mentioning China ‘Labour Camps’ Is Removed From Disney+ In Hong KongAn episode of 'The Simpsons' has been removed from Disney+ streaming services in Hong Kong. According to Variety, the ep, titled 'One Angry Lisa' (episode 2 of season 34), saw Lisa get called up for jury duty. The episode also focused on Marge buying an interactive training bike, with it taking her to the Great…
Read more »
Disney faces losing control of its kingdom with Florida billNew bill released this week puts entertainment giant’s district firmly in control of governor and legislative leaders
Read more »