Nelson Peltz boosts his Disney stake to nearly $600 million months after abandoning a proxy fight
At the end of March, Peltz slashed his 9.4 million-share stake by 34%, but sources told Bloomberg that he has since purchased another 500,000 shares.
"Disney committed to strategic and operating improvements that generally aligned with the initiatives we had previously discussed with the company," Trian said in a Monday statement."We believe these initiatives can create value and are monitoring management's execution closely."
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