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Disney’s Board Candidates Pull Ahead of Activist Investor Nelson Peltz With More Than Half Votes Cast: Report
Disney's 12 board candidates pulled into the lead over Nelson Peltz with more than half votes cast before the April 3 annual shareholders meeting, the Wall Street Journal reported.
Disney and CEO Bob Iger have pulled into the lead for their 12 board candidates to win reelection — with activist investor Nelson Peltz trailing — after more than half of shareholder votes have been cast ahead of the Mouse House’s April 3 annual meeting, according to the Wall Street Journal. Two of Disney’s institutional investors — BlackRock (which owns about 4.2% of outstanding shares) and T. Rowe Price (0.5%) — support the company’s slate of directors, which includes Iger, per the Journal, citing anonymous sources. According to the Journal’s report, with about 20% of shares voted as of late last week, Peltz had been leading the race to replace incumbent Disney board member Maria Elena Lagomasino (while Trian ‘s other nominee, ex-Disney CFO Jay Rasulo, was trailing).
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