Peltz loses at Disney but his investors win; changes may still be ahead [Reuters]
Ferguson plc Ordinary Shares (FERG)
Company Research
Source: Reuters
Hours after shareholders voted to keep the octogenarian hedge fund manager off the board at Walt Disney (DIS.N) , opens new tab , ending the year's most expensive and closely watched board room fight, there are few signs the defeat will hurt him or his business. "I don't think this means anything for Nelson Peltz," said Ken Squire, the founder of research firm 13D Monitor which tracks activists. "He was never the favorite to win a proxy fight at Disney going up against (Disney CEO) Bob Iger." With a personal net worth of $1.7 billion and a firm that oversees $10 billion in assets and has several winning bets in the portfolio this year, the 81-year-old manager is finding the silver lining in the loss, according to lawyers, bankers and industry analysts. Peltz's Trian Fund Management owns more than $3.5 billion in Disney common stock, making it the fifth-largest investor in the entertainment conglomerate. Peltz said in a statement on Wednesday that Disney had announced new operat
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News
- Ferguson Share Repurchase Program - Weekly ReportBusiness Wire
- Ferguson's Supply Chain Initiative Drives Customer Satisfaction [Forbes]Forbes
- Ferguson plc: Publication of Registration Statement, Proxy Statement, Notice of Special Meeting and U.K. Prospectus [Yahoo! Finance]Yahoo! Finance
- Ferguson plc: Publication of Registration Statement, Proxy Statement, Notice of Special Meeting and U.K. ProspectusBusiness Wire
- Ferguson Share Repurchase Program - Weekly ReportBusiness Wire
FERG
Sec Filings
- 4/18/24 - Form 425
- 4/18/24 - Form 8-K
- 4/18/24 - Form DEFM14A
- FERG's page on the SEC website