Activist investor ValueAct has been building a stake in Disney
Publishing timestamp: 2023-11-15 09:07:30
Summary
ValueAct Capital has taken a significant stake in Disney and believes that the company's theme parks and consumer products businesses are undervalued. They have been in dialogue with Disney's management and have experience in creating revenue opportunities and cutting costs. ValueAct's involvement could lead to increased profitability and a higher stock price for Disney. Additionally, their expertise in CEO succession planning could be valuable for Disney's board.
Sentiment: POSITIVE
Tickers: DIS,
Keywords: investment strategy, breaking news: markets, business news, entertainment, hedge funds, walt disney co, markets,
Source: https://www.cnbc.com/2023/11/15/activist-investor-valueact-has-been-building-a-stake-in-disney.html