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DIS Walt Disney CDR CAD Hedged

13.15
0.07 (0.54%)
03 Feb 2025 - Closed
Realtime Data
Name Symbol Market Type
Walt Disney CDR CAD Hedged NEO:DIS NEO Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.07 0.54% 13.15 12.75 13.25 13.22 12.81 12.81 60,786 22:30:01

Disney Enters Information-Sharing Deal with ValueAct Capital

03/01/2024 11:52am

Dow Jones News


Walt Disney CDR CAD Hedged (NEO:DIS)
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By Dean Seal

 

Walt Disney has signed a confidentiality agreement allowing it to share company information with shareholder ValueAct Capital Management and consult with the firm on strategic matters.

The entertainment giant said Wednesday that the arrangement allows the activist investment firm, which has been building up a stake in Disney, to consult the company through meetings with the board and management.

"ValueAct Capital has a track record of collaboration and cooperation with the companies it invests in, and its co-CEO Mason Morfit has been very constructive in the conversations we've had over the past year," Disney Chief Executive Bob Iger said.

The investment firm has confirmed that it will support Disney's recommended slate of board member nominees at the company's upcoming annual shareholder meeting.

 

Write to Dean Seal at dean.seal@wsj.com

 

(END) Dow Jones Newswires

January 03, 2024 06:37 ET (11:37 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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