Disney and activist investors gear up for battle at annual meeting: What to know

by Aislinn Murphy at foxbusiness.com

Disney and activist investors have been exchanging jabs in the lead-up to the entertainment giant’s Wednesday shareholder meeting.

The back-and-forth has arisen out of the ongoing proxy fights Disney is having with two entities, Trian Group and Blackwells Capital.

Proxy fight started late last year

The Trian Group and Nelson Peltz, who founded Trian Fund Management, officially kicked off their latest proxy fight with Disney late last year. The group holds over $3.5 billion of Disney shares.

That was followed in January by investment firm Blackwells Capital launching one of its own.