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Ike Perlmutter Sells Entire Stake in Disney After Lost Proxy Fight

The ousted Marvel mogul had backed Nelson Peltz, who lost in his fight for two seats on the Disney board.

Ike Perlmutter has sold his entire stake in Disney after he and activist Nelson Peltz lost a proxy fight. Perlmutter, the former Marvel chairman, had banded with Peltz to try to win two seats on Disney’s board of directors. Since then, Perlmutter has sold his entire stake in Disney of 25.6 million shares, according to a report from The Wall Street Journal.

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