--Nelson Peltz has sold off his entire Disney stake a few weeks after losing a proxy battle at the company, CNBC reported, citing a person familiar with the matter.

--Peltz sold his stock at close to $120 a share, the person said, making about $1 billion on the position.

--In April, Peltz lost a proxy battle at Disney as shareholders re-elected the company's full slate of board nominees.


Full story: https://www.cnbc.com/2024/05/29/nelson-peltz-sells-disney-stake.html


Write to Stephen Nakrosis at stephen.nakrosis@wsj.com


(END) Dow Jones Newswires

05-29-24 1806ET