The Walt Disney Company's (DIS) ongoing proxy battle against Nelson Peltz's Trian Partners has intensified as the results of the shareholder vote are expected to be announced at the annual stockholders meeting on Wednesday.
Trian currently owns 32.3 million shares of Disney stock worth approximately $3.5 billion and is seeking two seats on the board of directors to "improve the focus, alignment and accountability of the Board," Trian said in an open letter to Disney shareholders.
