The Westin Anaheim Resort has revealed some exciting new summer offers in celebration of its third anniversary. What’s Happening: The upscale AAA Four-Diamond hotel is situated directly across from the Disneyland Resort, and will celebrate its third anniversary on Sunday, June 2nd. In celebration, the resort is adding some new offers just in time for the […]
Billionaire activist investor Nelson Peltz, who has repeatedly failed to gain a board seat with the Walt Disney Company, has reportedly sold his entire position in the company.
Nelson Peltz Proxy Fight
Peltz, the 81 year-old founding partner of Trian Partners, initiated a proxy fight in his battle for a board seat for himself and former Disney CFO Jay Rasulo, after making repeated requests for a seat on the board. Disney shareholders ultimately rejected the bid made by Peltz, handing him a humiliating defeat back in April.
Peltz had aligned himself with former Marvel CEO Ike Perlmutter and Rasulo to help spearhead the proxy fight, but ultimately Disney was successful in convincing shareholders that Rasulo and Perlmutter were disgruntled former employees seeking revenge, rather than corporate improvements. Trian insisted that they had no problem with Disney CEO Bob Iger, but rather the monolithic nature of the board. They even went so far as to have Professor Ludwig Von Drake to show shareholders how to vote.
Selling Out
Peltz appears to have finally waved the white flag in surrender, and sold his entire position this week, seemingly bringing his bold plan to an end. His stake was reportedly as large as 30 million shares. It’s not all bad news for Peltz, though. He reportedly sold his shares for approximately $120, raking in a tidy $1 billion on the deal. Disney (DIS) stock is currently trading at just north of $100 per share.
After losing April’s proxy battle at Disney, Nelson Peltz has decided to completely separate himself from the company in a bold way. What’s Happening: CNBC reports that activist investor Nelson Peltz has sold his entire stake in Disney. At around $120 a share, Peltz is estimated to have made somewhere near $1 billion from the sale. […]
Today saw the release of the third issue in Marvel Comics’ current Star Wars: Jango Fett miniseries, and below are my brief recap and thoughts on this installment. It’s no secret that the bounty hunters of the Star Wars galaxy are inspired by the 1960s Spaghetti Westerns that George Lucas loved so much. Boba Fett is […]
Guests visiting Universal’s Islands of Adventure at the Universal Orlando Resort may stumble upon one of the park’s newest experiences if they venture just beyond the former Temple of Poseidon. What’s Happening: Universal’s Islands of Adventure has opened a new cocktail lounge just outside their popular restaurant, Mythos, for guests to enjoy. The new location can […]
A trio of actors have been added to ABC’s newest comedy pilot. What’s Happening: The upcoming Ty Burrell multi-cam sitcom, Forgive & Forget, has added three new cast members to the pilot, reports Deadline. Sean Rodriguez Marquette is set to play Burrell’s adult son. Diana Maria Riva will play Burrell’s ex-wife and Marquette’s mother. Finally, […]
One of the most memorable moments of the 2023 Disney Vacation Club Member Cruise was a performance of Disney Princess – The Concert. The brainchild of Susan Egan (Broadway’s original Belle in Beauty and the Beast and the voice of Megara in Hercules), the troupe had just completed their first national tour, and it was during that performance […]
ICON Park is helping visitors enjoy the best of summer with a variety of seasonal discounts. What’s Happening: Merlin Entertainment is offering a combo ticket for The Orlando Eye, SEA Life Orlando Aquarium, and Madame Tussauds. They are also offering daily Florida resident discounts. The Orlando Eye itself is also set to reveal their Party […]
The story of Tiana’s Bayou Adventure will come to life through a new Little Golden Book, set for release later this year. (Please note this article contains affiliate links. Your purchase will support LaughingPlace by providing us a small commission, but will not affect your pricing or user experience. Thank you.) What’s Happening: Join Princess Tiana […]
Today saw the release of the second issue in Dark Horse Comics’ Star Wars: The High Republic Adventures – Saber for Hire miniseries, and below are my brief recap and thoughts on this installment. The High Republic Adventures – Saber for Hire #2 begins with a flashback to the planet Alaris Prime, back when Tylera Yorrick was […]
