VENTURE CAPITAL POST

Disney CEO Bob Iger labels the proxy battle with Nelson Peltz a "distraction," as they now move to select the next CEO while Peltz denies personal vendetta.

Disney investor Nelson Peltz has criticized the company for its "woke" approach, particularly questioning Marvel's "Black Panther" and "The Marvels" films.

Wendy's has chosen Kirk Tanner, a PepsiCo executive of 32 years, as its new CEO.

Activist investor Nelson Peltz and his firm Trian Fund Management have reportedly launched a proxy fight with Disney as they aim to secure more than two seats on the board.

DuPont (DD.N) repelled a board challenge from activist investor Nelson Peltz on Wednesday, dealing him a surprising blow after shareholders backed all 12 directors nominated by the U.S. chemical conglomerate's management.

Activist investor Nelson Peltz's Trian Fund Management has called for a break up of DuPont (DD.N), arguing that the diversified chemicals company's overly complex and bloated corporate structure overburdens its seven business lines, the Wall Street Journal reported.

Billionaire investor Carl Icahn has sold his entire stake in Family Dollar Stores Inc (FDO.N), making a profit of about $200 million on the investment, according to sources familiar with the matter on Wednesday.

Illinois-based snack company Mondelez International Inc has entered an agreement to sell a controlling stake in its cookie and cracker business, SnackWell's, to Connecticut-based private equity firm Brynwood Partners for an undisclosed amount.

Trian Fund Management LP, an alternative investment fund, had put its stake in State Street Corp up for sale. It sold 1.86 million shares worth USD121.5 million. Trian Fund was founded by activist investor Nelson Peltz.

Trian Fund Management LP's CEO, Nelson Peltz said that PepsiCo should buy Mondelez for around US$67.8 billion in an all-stock deal.