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...The combination of Unilever’s sprawling operations — the group also makes Marmite, Hellmann’s and Dove soap, as well as cleaning products Domestos and Cif — and sluggish growth attracted Peltz’s interest...
...“If a group of partners came along and said, ‘join our lawsuit’, I would not have wanted to sign away my right to do that,” the former partner said. Grant Thornton declined to comment....
...Partners, Peltz’s investment group....
...The most recent one — P&G in 2017 — marked one of the largest, most expensive and most dramatic proxy battles of all time, with Peltz claiming a board seat by a whisker following a recount....
...The entertainment group announced on Wednesday that shareholders had voted in favour of its 12 nominees in a blow to Peltz, with large investors, including Vanguard and BlackRock backing Disney....
...Ari Emanuel gets a jet in Endeavor LBO After a shortlived run as a listed company, Endeavor Group, the Hollywood and sports powerhouse that controls TKO Group and talent agency WME, plans to go private....
...Peltz says the group needs to achieve “Netflix-like” profit margins in its streaming business, which has lost billions of dollars since its launch....
...“Peltz, with his considerable experience on other boards and fiduciary duties owed to a large shareholding group, appears best positioned to bring a shareholder perspective to the board.”...
...Large investors, including Vanguard and BlackRock, backed Disney in a blow to Peltz’s Trian Partners....
...Disney makes a meal out of Nelson Peltz’s lunch with the FT Nelson Peltz, the billionaire investor who made his fortune as co-founder of Trian Partners, recently sat down with the FT’s Harriet Agnew for...
...We have an immigration problem — it’s not a Republican or Democrat problem,” said Peltz....
...Iger asked Peltz in a November phone call if he knew Perlmutter’s “objective” in pursuing board changes, but Peltz did not engage on the subject, according to a filing....
...But now Peltz is singing a different tune, becoming the latest Trump critic to signal he’ll vote for him again [free to read]....
...At least 70 groups last year discussed the issue with shareholders, more than three times the number who mentioned it in 2022, according to a Financial Times analysis of corporate filings and announcements...
...He did gain a seat on the P&G board after a very close vote and recount....
...In its filing, Disney said Peltz and Isaac Perlmutter, a large shareholder in the company and former chair of Marvel Entertainment, had tried 24 times to win a seat on the board for Peltz....
...Investment manager M&G has reported a 28 per cent rise in profits for 2023, in the first annual results for chief executive Andrea Rossi, who has pledged to transform the company....
...The group is split into an active asset management arm, a life insurance and pensions business and a financial advice business. M&G’s share price rose by about 2 per cent in morning trading....
...Activist hedge fund Trian Partners plans to nominate two candidates to Walt Disney’s board of directors, intensifying a campaign against the media group that is expected to be one of the most contested proxy...
...Walt Disney has appointed two new directors — Morgan Stanley chief executive James Gorman and Sir Jeremy Darroch, former group chief executive of Sky — just days before activist investor Nelson Peltz is...
...Walt Disney has appointed two new directors — Morgan Stanley chief executive James Gorman and former group chief executive of Sky Sir Jeremy Darroch — just days before activist investor Nelson Peltz is expected...
...Unilever is to split off its ice cream business and cut 7,500 jobs as the consumer goods group steps up efforts to improve its performance....
...Peltz has a deep voice, a piratical charm and an uncompromising approach — “a case of the cure being worse than the disease”, says one critic....
...Trian, which controls a roughly $3bn stake in Disney, has been at odds with the group since January....
...Walt Disney has appointed two new directors — outgoing Morgan Stanley chair and chief executive James Gorman and Sir Jeremy Darroch, former group CEO of Sky — just days before activist investor Nelson Peltz...
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