Billionaire investor Nelson Peltz, who has been pushing for a seat on Disney's board since late last year, has added the stake of former Marvel chairman Isaac Perlmutter to his arsenal, according to the Wall Street Journal.
moved higher in pre-market trading following a reports that suggested billionaire activist Nelson Peltz has acquired extra firepower in his attempt to win seats on the board of the media and entertainment giant.
Earlier this month, the paper also reported that Peltz had lifted his stake in the group to around $2.5 billion, nearly four time the level he held at the end of the second quarter. Disney shares were marked 0.72% higher in pre-market trading to indicate a Monday opening bell price of $79.90 each.
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