Disney’s Biggest Shareholder Fight in 20 Years will Shape the Company’s Future

By Blackwells Capital | April 2, 2024 | Comments Off on Disney’s Biggest Shareholder Fight in 20 Years will Shape the Company’s Future

Walt Disney Co.’s biggest boardroom showdown in 20 years culminates this week with an election that has already reverberated throughout the Burbank entertainment giant. Billionaire Nelson Peltz has waged a nearly six-month battle for a seat on Disney’s board of directors. A smaller activist group, Blackwells Capital, joined the fray with three other candidates. Disney…

Read More

Disney Investor Blackwells Capital Sues The Company As Shareholder Vote Nears Close

By Blackwells Capital | March 28, 2024 | Comments Off on Disney Investor Blackwells Capital Sues The Company As Shareholder Vote Nears Close

Activist Disney investor Blackwells Capital is suing the media giant over what it sees as an inappropriately cozy relationship with another shareholder, ValueAct Capital. In the lawsuit filed Thursday in Delaware Chancery Court (read it here), Blackwells lays out concerns about whether ValueAct has been paid to take a pro-Disney position in a brewing proxy fight with activists. Blackwells and Trian Fund Management…

Read More

Blackwells, in proxy fight with Disney, sues Disney over disclosure in hedge fund relationship

By Blackwells Capital | March 28, 2024 | Comments Off on Blackwells, in proxy fight with Disney, sues Disney over disclosure in hedge fund relationship

NEW YORK, March 28 (Reuters) – Blackwells Capital upped the pressure on Walt Disney (DIS.N), opens new tab in a long-running boardroom battle, suing the entertainment giant on Thursday for information that may point to possible disclosure violations in dealings with hedge fund ValueAct Capital. The suit, filed in a Delaware court, is the latest chapter in…

Read More

Blackwells Capital: Nelson Peltz is Not the Change Disney’s Board Needs

By Blackwells Capital | March 25, 2024 | Comments Off on Blackwells Capital: Nelson Peltz is Not the Change Disney’s Board Needs

NEW YORK, March 25, 2024 (GLOBE NEWSWIRE) — Blackwells Capital, LLC (“Blackwells”), a shareholder of The Walt Disney Company (“Disney” or the “Company”) (NYSE:DIS), today released a letter to fellow Disney shareholders in connection with the Company’s Annual Meeting of Stockholders to be held on April 3, 2024, available here, at www.TheFutureOfDisney.com, and reproduced in full below……

Read More