Trian Issues Statement Regarding The Walt Disney Company (DIS) Board

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Go back to Trian Issues Statement Regarding The Walt Disney Company (DIS) Board

Trian Issues Statement Regarding The Walt Disney Company Board

November 30, 2023 10:24 AM EST

NEW YORK & PALM BEACH, Fla.--(BUSINESS WIRE)-- Trian Fund Management, L.P. (together with its affiliates, Trian or we) beneficially owns approximately $3 billion of stock in The Walt Disney Company (NYSE: DIS) (Disney or the Company). This morning, following conversations with Disneys CEO, Disney extended an offer to Trian to meet with the Board but informed Trian that the Board is turning down Trians recent request for Board representation, including Nelson Peltz. Trian said the following regarding the discussions:

Since we gave Disney the opportunity to prove it could right the ship last... More