Disney 'has defeated activist investor Nelson Peltz's takeover attempt

Disney has reportedly secured enough shareholder votes to defeat a challenge against its board mounted by activist investor Nelson Peltz.

Sources told enough votes had been cast Tuesday night to put Disney's board directors safely ahead of their challengers. The results are set to be announced at the company's annual shareholder meeting on Wednesday.

Peltz had Jay Rasulo to the board of the entertainment giant's directors, slamming CEO Bob Iger as 'underperforming.'

Load More