Australian shares are set to open lower, following Wall Street amid rising bond yields. RBA Statement on Monetary Policy at 11.30am AEDT. Follow updates here.
Trian Partners founding partner Nelson Peltz said his proxy battle with Walt Disney Co is over.
Peltz announced the move in an interview with CNBC. Trian confirmed the decision to drop the proxy battle, calling it a “win for all shareholders”. Disney said in a separate statement that it appreciated Peltz’s decision. The steps addressed two of Peltz’s biggest complaints. “We are pleased that Disney is listening,” Trian said in a statement after Iger announced the restructuring.
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