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Billionaire investor sells all his Disney shares
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Nelson Peltz sold his Disney shares last Wednesday (29), two months after losing, together with his hedge fund, Trian Fund Management, a proxy fight against Disney. The company's shares are either rising or falling.

Market value

According to Forbes, Peltz obtained around US$ 1 billion from the sale on Wednesday, at the close of the market, being US$ 120 per share, according to information from CNBC, which was cited by an unidentified person, but who is familiar with with the subject.

The company closed down 1.5% on Wednesday at U$100.88 and continued to fall 9% in the last three months, with its market value being U$183.9 billion.

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With a 1.7% stake in the company, that is, US$3.2 billion, Triam continues as one of the company's largest institutional investors. Nothing about it was commented on by either Trian or Disney.


Embed from Getty Images

Disney store in Times Square, New York, USA (Photo: reproduction/Getty Images Embed)


Rising stocks and falling stocks

Nelson Peltz's net worth is estimated at US$1.6 billion, this amount being mainly from his hedge fund. On another occasion, Peltz had a power of attorney against Disney canceled, when the company's CEO, Bob Iger, launched a restructuring and layoffs initiative, with the aim of saving the company in the amount of US$5.5 billion. With criticism of the company's profits, Peltz returned to dispute against Disney in November.

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However, after the second dispute the company's share price was US$92 in December, and in April it rose to US$122. Now, the stock has been falling since its highs in April, trading for $100 per share.

Featured photo: Nelson Peltz, founder and CEO of Trian Fund Management, during the Future Investment Initiative (Reproduction/Marco Bello/Bloomberg via Getty Images Embed)

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Billionaire investor sells all his Disney shares

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