Disney Inks Deal With ValueAct, Gains Backing of Blackwells Capital Amid Peltz Board Battle
Disney and CEO Bob Iger secured new support from activist investor ValueAct Capital in the company’s proxy fight with Nelson Peltz.
The Mouse House also got an unsolicited vote of confidence, in a roundabout way, from Blackwells Capital, which said it is nominating three candidates to the board to rival those picked by Peltz’s Trian Fund Management in a looming proxy fight — although Blackwells called the media company’s agreement with ValueAct “a disappointing defensive move by Disney that does not solve for anything.”