Entertainment
Disney Moving Closer to Win Over Trian With Vanguard Backing
- Vanguard, BlackRock together control 15% of Disney’s stock
- More than 60% of votes counted in battle with Peltz’s Trian
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Walt Disney Co. and Chief Executive Officer Bob Iger are poised to triumph over Nelson Peltz’s Trian Fund Management in a costly, months-long proxy battle, according to people with knowledge of the matter.
With more than 60% of the votes counted, Vanguard Group Inc. is backing Disney’s slate of board nominees at a much-anticipated meeting set for Wednesday, according to the people, who asked not to be identified discussing confidential information.