Disney reaches agreement with ValueAct, secures its support for company's board nominees
Disney has a new ally in activist investor ValueAct Capital Management, garnering its support for the company’s board nominees as it continues to wage a proxy battle with Nelson Peltz. The Walt Disney Co. said Wednesday that the confidentiality agreement with ValueAct will allow the company to provide information to ValueAct and consult with it on strategic matters, including through meetings with its board and management.