Walt Disney (DIS) issues statement in response to Nelson Peltz
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November 30, 2023 11:31 AM EST
BURBANK, Calif.--(BUSINESS WIRE)--
The Walt Disney Company (NYSE: DIS) issued the following statement today in response to the statement released by Nelson Peltz, founding partner of Trian, relating to Disney and its Board of Directors:
The Walt Disney Company has a proven track record of delivering long-term value to our shareholders and is in the midst of a significant transformation to reinforce our position as the worlds preeminent entertainment company. Over the past twelve months, we restructured the company to restore creativity to the center of all our... More
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
