Activist investor Nelson Peltz, through Trian Partners, is heading towards a proxy fight with Disney after his request for multiple board seats was rejected. Disney's CEO, Bob Iger, and ally Ike Perlmutter face this challenge amidst an internal acknowledgement of the company's issues. Simultaneously, Blackwells Capital is gearing up for a board challenge at Wendy's. Peltz's activism has been influential, resulting in Disney reinstating dividends.
Blackwells plans to nominate a slate of directors for election to the board of Wendy’s as it pushes for improved performance at the fast food chain https://t.co/uFC5PO3HcQ
Exclusive: Activist investor Blackwells plans Wendy's board challenge-sources https://t.co/B7ZXh3NSMI https://t.co/ixJ5dj1ujj
Activist investor who backs Disney’s Bob Iger plans challenge to Wendy’s board: sources https://t.co/Sx69graIqI https://t.co/TLSlED4xJb
Exclusive: Activist investor Blackwells plans Wendy's board challenge-sources https://t.co/iJKCTWaQWA https://t.co/dH7n9l73qP
*BLACKWELLS PLANS WENDY'S BOARD CHALLENGE: REUTERS *BLACKWELLS PLANS TO NOMINATE SEVERAL DIRECTORS TO WENDY'S: RTRS
⚠️ EXCLUSIVE-ACTIVIST INVESTOR BLACKWELLS PLANS WENDY'S BOARD CHALLENGE-SOURCES Activist hedge fund Blackwells Capital is preparing to challenge Wendy's Co's board of directors in a push for improvements to the fast food chain's financial performance, people familiar with the… https://t.co/oIXaKb2ZLO
Disney Brings Back Dividend Pushed for by Activist Peltz https://t.co/u1Q4VQdcZd
Blackwells Capital Urges Nelson Peltz to End 'Ego-Driven' Campaign for Disney Board Seats https://t.co/hUMe6MesTJ
Disney-Trian proxy fight marches toward battlefront https://t.co/sW7G6bi25w
Disney Board Adopts New Rules for Nominating Directors in Wake of Norman Peltz's Announced Proxy Fight https://t.co/UUcYiLXps2
Disney-Trian proxy fight marches toward battlefront https://t.co/pTefJed9vC
In today's #MadDash, @jimcramer & @davidfaber track the latest boardroom drama at $DIS, with Trian Partners founder Nelson Peltz seeking two seats on its board https://t.co/VzhFnDIJ3d
UPDATE: Disney Says Nelson Peltz Ally Ike Perlmutter Has “Longstanding Personal Agenda” Against Bob Iger https://t.co/4ea8k1apau
$DIS NELSON PELTZ WILL ASK FOR MORE THAN TWO BOARD SEATS: CNBC
Can add some news here -- Nelson Peltz/Trian will ask for "multiple" board seats, I'm told. More than two. https://t.co/tUJnVu0iKj
Trian to take Disney $DIS Board representation request to holders
Activist Investor Nelson Peltz Will Take His Case to Get on Disney Board Directly to Investors https://t.co/5acn9N4K0Z
As expected, "Trian intends to take our case for change directly to shareholders" re: Disney. From statement: "Investor confidence is low, key strategic questions loom, and even Disney's CEO is acknowledging that the Company's challenges are greater than previously believed."
*DISNEY TURNS DOWN PELTZ'S REQUEST FOR BOARD REPRESENTATION *TRIAN TO TAKE DISNEY BOARD REPRESENTATION REQUEST TO HOLDERS
$DIS DISNEY BOARD TURNING DOWN TRIAN'S REQUEST FOR REPRESENTATION
$DIS 🔸PELTZ SEEKS TWO SEATS ON DISNEY BOARD: CNBC
Live news: Disney seeks to head off Peltz as Gorman and Darroch named to board https://t.co/oQFGz0ONt7