Disney Gains BlackRock's Support in Proxy Fight as Shareholder Vote Looms from nippile t Watch Video

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✓ Published: 03-Apr-2024

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Disney may be edging past Nelson Peltz as its second-largest shareholder, BlackRock, is backing Disney's board nominees. T. Rowe Price, a 0.5% shareholder, also supports Disney ahead of the annual meeting on Wednesday. Peltz wants board seats for himself and Jay Rasulo, while Disney wants to keep its nominees. Disney and Peltz have spent $40 million and $25 million, respectively, on their proxy fight campaigns. Voting ends tonight, and the outcome could still change based on the remaining votes.