DIS - Disney Partners With ValueAct Capital For Strategic Counsel In Anticipation Of 2024 Shareholder Meeting | Benzinga
In a move to fortify its strategic posture, The Walt Disney Company (NYSE:DIS) has brought onboard investment firm ValueAct Capital. The firm will provide strategic counsel and bolster Disney’s director nominees in preparation for the 2024 annual shareholder meeting.
What Happened: Reuters reported that Disney inked a deal with San Francisco’s ValueAct Capital on Wednesday. ValueAct, recognized for its cooperative approach, is perceived as a boon for Disney as it readies for a likely proxy showdown with another activist investor, Nelson Peltz.
Disney’s CEO, Bob Iger, voiced his trust in ValueAct, applauding the firm’s track record of positive collaboration with its investment portfolios. He noted the productive discussions he has had with co-CEO Mason Morfit over the past year.
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The announcement follows a year of major business restructuring by Iger, who contended with demands from Peltz’s ...