Peltz’s Disney Bet Makes More Than $150 Million in Three Months
- Activist sitting on paper profit after scrapping proxy fight
- Stake value was up as much as $250 million at Thursday’s peak
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While Nelson Peltz has called his push for changes at Walt Disney Co. a victory for all shareholders, it’s so far certainly a win for the 80-year-old activist investor himself.
Peltz’s Trian Partners has made a paper profit of about $154 million on the stake he built in the entertainment giant, based on where Disney’s stock is trading Friday, according to people familiar with the investment and Bloomberg calculations.