Peltz Sells Off Disney Stake, CNBC Says, Citing Sources
Provided by
Dow Jones
--Nelson Peltz has sold off his entire Disney stake a few weeks after losing a proxy battle at the company, CNBC reported, citing a person familiar with the matter.
--Peltz sold his stock at close to $120 a share, the person said, making about $1 billion on the position.
--In April, Peltz lost a proxy battle at Disney as shareholders re-elected the company's full slate of board nominees.
Full story: https://www.cnbc.com/2024/05/29/nelson-peltz-sells-disney-stake.html
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
May 29, 2024 18:06 ET (22:06 GMT)
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