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Walt Disney Company's (DIS) proxy battle has intensified ahead of the shareholder meeting next month, and an entity is seeking to buy 500,000 votes on Shareholder Vote Exchange as competing sides try to garner support for their board nominees.
The proxy battle between Disney and Nelson Peltz’s Trian Fund Management has been going on for quite some time now. Last month, Blackwells Capital also officially joined the battle, making it a three-way fight. As for buying shareholder votes ahead of the annual meeting, we don’t know for sure whether the shareholder looking to buy them sides with Peltz, Blackwells Capital, or Disney CEO Bob Iger.