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Blackwells Capital

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business1 year ago

"Disney Shareholder Sues Company in Proxy Fight as CEO Bob Iger's Era Ends"

Blackwells Capital, an activist investor in Disney, has filed a lawsuit alleging that the media giant has an inappropriate relationship with another shareholder, ValueAct Capital, ahead of the annual shareholder meeting. The lawsuit claims that ValueAct may have been paid to support Disney in a proxy fight, and requests access to company records to investigate potential wrongdoing. Disney has dismissed the claims as "baseless" and "desperate," stating that no Disney pension funds are currently invested with ValueAct. The legal clash comes as shareholders are casting votes for board candidates, making this one of the most significant Disney shareholder meetings in 20 years.

via Deadline|
#blackwells-capital#business#disney
business1 year ago

"Disney Activist Blackwells Pushes for Company Split in Proxy Fight"

Activist investor Blackwells Capital proposes splitting Disney into three separate entities focused on sports, entertainment, and resorts, as well as separating its real estate into an independent publicly listed REIT or investment vehicles. The investment firm is urging Disney shareholders to vote for its three board candidates in a proxy fight over the makeup of Disney's board of directors, arguing that the company may be too complex for any one successor to manage holistically.

via MarketWatch|
#activist-investor#blackwells-capital#business
business1 year ago

"Disney's Board Battle: Activist Investor Blackwells Pushes for Company Split Amid Feud with Nelson Peltz"

Disney's upcoming shareholder meeting will feature three competing slates of director nominees, including those selected by Disney, activist investor Nelson Peltz, and investment firm Blackwells Capital. Blackwells has proposed a real estate spinoff and urged shareholders to vote for its three candidates, criticizing Peltz's campaign as a distraction and highlighting his alleged focus on soliciting endorsements from Elon Musk. Both Disney and Trian have opposed Blackwells' candidates, with Trian outlining an agenda for reform at Disney. The shareholder meeting is scheduled for April 3.

via Variety|
#blackwells-capital#board-fight#business
business1 year ago

"Disney Faces Pressure as Activist Investors Push for Company Split and Board Changes"

Blackwells Capital officially launches a proxy fight against Disney, nominating three board members and proposing the idea of splitting up the company into three entities. The firm believes that Disney may be too complex for any one successor to manage and is urging shareholders to elect its nominees to the board. This move comes as part of a three-way fight with Nelson Peltz's Trian Partners, with the showdown set for Disney's annual meeting on April 3.

via Deadline|
#blackwells-capital#board-of-directors#business