Disney Thwarts Hostile Takeover, Secures Shareholder Support

Shareholders decisively back Disney's board in a proxy fight against activist investors, affirming confidence in the company's leadership and vision.

Disney successfully repels a hostile takeover attempt, with a strong shareholder vote in favor of the current board.
Nelson Peltz, backed by Trian Fund Management, and nominees from Blackwells Capital were decisively defeated in their bid for board seats.
Approximately 68.95% of Disney's shares were represented at the shareholder meeting, with top candidates receiving over 90% of votes in their favor.
CEO Bob Iger reaffirms commitment to growth, value creation, and creative excellence following the proxy battle's conclusion.
The proxy fight underscores shareholder confidence in Disney's leadership and strategic direction for future growth.