Walt Disney Co (NYSE:DIS) shares are trading higher Monday amid multiple developments. Here’s a look at what’s going on.
What To Know: Blackwells Capital sent a letter to Disney shareholders on Monday urging shareholders to vote against Trian Partners founder and CEO Nelson Peltz, who nominated himself and former Disney CFO Jay Rasulo to Disney’s board as part of an ongoing proxy fight with the entertainment giant.
“The Board does not need nominees driven by personal grievances or animus towards management, as we believe Trian Partners’ (“Trian”) nominees Nelson Peltz and Jay Rasulo are,” Blackwells Capital said in the letter.
Blackwells instead recommended that shareholders vote for its own board nominees. The firm argued …
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