Trian Partners LP founding partner Nelson Peltz said Thursday his proxy battle with Walt Disney Co. is over.
. He also said Disney’s board would consider reinstating the company’s dividend, which was suspended at the start of the pandemic.
The steps addressed two of Peltz’s biggest complaints. “We are pleased that Disney is listening,” Trian said in a statement after Iger’s announcements. Separately, Iger said in an interview with CNBC that he isn’t entirely committed to buying the one-third of the Hulu streaming TV business that Disney doesn’t already own. Disney has an agreement to purchase the stake from Comcast Corp. next year at a price that values all of Hulu at a minimum of $27.5 billion.
In the interview Thursday, Iger called Hulu a “very successful platform” and a “good consumer proposition,” but said “everything is on the table right now.” “I’m not going to speculate on whether we’re a buyer or a seller of it,” he said, adding he’s “concerned” that general entertainment programming is “undifferentiated.”
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Nelson Peltz Abandons Proxy Fight With DisneyActivist investor Nelson Peltz said this morning that he’s ending his proxy fight againt Disney after CEO Bob Iger announced sweeping restructuring and cost cutting plans yesterday alongside …
Les mer »
Nelson Peltz Says Disney Proxy Fight Is OverActivist investor Nelson Peltz says his proxy fight with Disney is over, and he is happy with the moves being made by CEO Robert Iger
Les mer »
Bob Iger's Disney revamp could keep critic Peltz 'at bay'Walt Disney Co CEO Bob Iger dazzled Wall Street on Wednesday with sweeping changes and billions of dollars in cost cuts, and some analysts are convinced that will be enough to sway its harshest critic - activist investor Nelson Peltz.
Les mer »
Disney stock gains as Bob Iger's earnings return produces a beat despite Disney+ disappointmentDisney Chief Executive Bob Iger returned to the earnings stage Wednesday and delivered a big beat, largely thanks to improving financial results at $DIS’s theme parks, but Disney+ subscribers declined more than expected.
Les mer »
Nelson Peltz Abandons Disney Proxy Fight, as Bob Iger Says “Everything Is on the Table” for HuluThe Disney CEO also discussed succession and cost cutting on CNBC.
Les mer »
Nelson Peltz ends Disney proxy fight amid Iger’s shakeup: ‘This was a great win for all the shareholders’Activist investor Nelson Peltz is ending his proxy battle with Walt Disney Co. amid changes initiated by newly reinstalled chief executive Bob Iger,...
Les mer »