Nelson Peltz is planning a fresh push for board seats at Disney following a relentless slide in the entertainment giant’s shares.
The activist investor’s Trian Fund Management, now one of Disney’s largest investors with a stake worth upward of $2.5 billion, is expected to request multiple seats—including one for Peltz, according to people familiar with the matter.
If the company says no, Trian could nominate directors that would be voted on at Disney’s annual meeting next spring. The window for shareholder nominations runs from Dec. 5 through Jan. 4, according to Disney’s proxy materials.
Read the full story on The Wall Street Journal here.