Disney Activist Investor Blackwells Floats Idea Of Splitting Up Company As It Officially Launches Proxy Fight, Nominates Three To Board

Blackwells Capital today made its fight with Disney official, urging shareholders in a definitive proxy statement to elect its three nominees to the board of directors “as the company navigates through a vast and novel opportunity set offering a near limitless potential.”

“The purpose of our campaign is simple: we want to ensure that Disney has the right collection of minds around the boardroom table, working constructively together to make decisions that will benefit ALL shareholders for decades to come,” Blackwells said. The firm is opposed to Nelson Peltz, whose Trian Partners is also taking on the Disney board in what is officially now a three-way fight. Both claim the company hasn’t delivered for stockholders recently.