Disney Enters Information-Sharing Deal with ValueAct Capital
January 03 2024 - 5:52AM
Dow Jones News
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)
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