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-0.000211014982063685 -0.000316522473095602 -0.0021101498206373 0.00116058240135049 -0.000844059928254888 -0.00147710487444609 -0.00147710487444609 -0.000844059928254888
Stock impact report

Disney names Carolyn Everson to board in deal with activist investor Third Point [Reuters]

Walt Disney Company (The) (DIS) 
Last walt disney company (the) earnings: 2/4 04:05 pm Check Earnings Report
Company Research Source: Reuters
FILE PHOTO: A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermid/File Photo The activist shareholder also agreed to not raise its stake in the entertainment and media conglomerate to over 2% and to vote in favor of the slate of directors nominated by Disney's board. The hedge fund, led by billionaire investor Daniel Loeb, announced in August it had taken a 0.4% stake in Disney worth nearly $1 billion. Third Point will not present any proposal and vote in accordance with the board's recommendation at any stockholder meeting until 2024, as part of the standstill provisions. Third Point did not immediately respond to a request for comment. The fund said in August it planned to push the media company to make a string of changes, from spinning off cable sports channel ESPN to buying back shares and adding new board members. The board needs to be re Show less Read more
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