{"id":2140432,"date":"2024-01-04T13:45:06","date_gmt":"2024-01-04T18:45:06","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/disney-makes-agreement-with-valueact\/"},"modified":"2024-01-04T13:45:06","modified_gmt":"2024-01-04T18:45:06","slug":"disney-makes-agreement-with-valueact","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/disney-makes-agreement-with-valueact\/","title":{"rendered":"Disney Makes Agreement With ValueAct"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">10<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdisney-makes-agreement-with-valueact%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2140432&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">(Photo by Charley Gallay\/Getty Images for Disney)<\/figcaption><\/figure>\n<p>OAN\u2019s\u00a0<a href=\"https:\/\/www.oann.com\/tag\/abril-elfi\" target=\"_blank\" rel=\"noreferrer noopener\">Abril Elfi<\/a><br \/>10:35 AM \u2013 Thursday, January 4, 2024<\/p>\n<p>Disney has made an agreement with ValueAct Capital Management amid a proxy battle with Nelson Peltz, a billionaire businessman and investor. <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>On Wednesday, Walt Disney Co. said that they signed a confidentiality agreement with ValueAct that allows them to provide information to ValueAct and consult with it on strategic matters.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cValueAct 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\u2019ve had over the past year. We welcome their input as long-term shareholders,\u201d Disney CEO Bob Iger said in a statement.<\/p>\n<\/blockquote>\n<p>Peltz\u2019s investment management firm\u00a0Trian\u00a0Fund Management stated last month that it was planning to nominate the activist investor and a former chief financial officer (CFO) of Disney for seats on the media and entertainment company\u2019s board.<\/p>\n<p>Trian intends to propose choosing James Rasulo, the former CFO of Disney from 2010 to 2015, in addition to Peltz. <\/p>\n<p>Rasulo was president of Walt Disney Parks and Resorts from 2002 to 2005 and chairman of Walt Disney Parks and Resorts Worldwide from 2005 to 2009, before taking on the role of CFO.<\/p>\n<p>At Disney\u2019s anticipated spring 2024 annual shareholders meeting, Trian, which owns $3 billion worth of common stock in the company, plans to propose Peltz and Rasulo for appointment to the Disney board.<\/p>\n<p>Disney has stated that as part of its process, its governance and nominating committee, which assesses director nominations, will examine the suggested Trian nominees and make a recommendation to the board.<\/p>\n<p>On Wednesday, Dsiney also stated that it has been informed that Blackwells Capital intends to put forward three candidates for the board.\u00a0<\/p>\n<p>They continued, saying that similar to Peltz\u2019s nominees, its governance and nominating committee will examine Blackwells\u2019 suggested candidates and make a recommendation to the board.<\/p>\n<p>Peltz and Disney have been engaged in a proxy war for almost a year.\u00a0Peltz applied to join Disney\u2019s board in January, insinuating that the company was having self-inflicted problems.\u00a0<\/p>\n<p>Disney named Mark Parker, a current board member, as its chairman at the time while urging shareholders to vote against Peltz.\u00a0<\/p>\n<p>In February, Peltz gave up on his pursuit of a Disney board seat only one day after CEO Bob Iger declared a significant reorganization of the business that would result in the loss of thousands of jobs.<\/p>\n<p>However, Trian made the decision to revive its proxy war in November and Disney defended the business and its board in a statement released at the time.\u00a0<\/p>\n<p>Stay informed! Receive breaking news blasts directly to your inbox for free. Subscribe here.\u00a0<a href=\"https:\/\/www.oann.com\/alerts\">https:\/\/www.oann.com\/alerts<\/a><\/p>\n<\/p>\n<div id=\"rc-widget-10bad2\" data-rc-widget data-widget-host=\"habitat\" data-endpoint=\"\/\/trends.revcontent.com\" data-widget-id=\"278641\"><\/div>\n<p class=\"dpsp-share-text\" style=\"margin-bottom:10px\"> \t\tShare this post!\t<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Democrat leaders are struggling to handle the growing influx of illegal aliens coming into our country from the Southern Border. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Doe 107 becomes the most elusive name on the Epstein Client List, Trump appeals Colorado\u2019s primary ban to the Supreme Court and the GOP threatens to impeach Alejandro Mayorkas.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Harvard\u2019s now ex-president, Claudine Gay, says plagiarism allegations leading to calls for her resignation are personal attacks fueled by \u201cracial animus.\u201d\u00a0<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p> \u201cAdvocate For Faith And Freedom\u201d attorney Robert Tyler says the Hunter Biden\u2019s contempt charges could damage his legal suit against former Trump White House aid Garrett Ziegler.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>ChatGPT was well on its way to becoming a household name even before 2023 kicked off.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Apple fell nearly 3% to a seven-week low after Barclays downgraded the shares on concerns demand for its devices will remain weak in 2024.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Bitcoin galloped past $45,000 for the first time since April 2022, buoyed by optimism around the possible approval of exchange-traded spot bitcoin funds.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>December 22, 2023 \u2013 6:05 AM PST HONG KONG (Reuters) \u2013 Chinese regulators announced on Friday a wide range of rules aimed\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>(Photo by Charley Gallay\/Getty Images for Disney) OAN\u2019s\u00a0Abril Elfi 10:35 AM \u2013 Thursday, January 4, 2024 Disney has made an agreement with ValueAct Capital Management amid a proxy battle with Nelson Peltz, a billionaire businessman and investor. Advertisement On Wednesday, Walt Disney Co. said that they signed a confidentiality agreement with ValueAct that allows them<\/p>\n","protected":false},"author":2196,"featured_media":2181646,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/c3.oann.com\/wp-content\/uploads\/2024\/01\/GettyImages-1236668881-1.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-2140432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/c3.oann.com\/wp-content\/uploads\/2024\/01\/GettyImages-1236668881-1.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2140432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2196"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2140432"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2140432\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2181646"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2140432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2140432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2140432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}