Activist investor billionaire Nelson Peltz declared his proxy fight with Disney over on Thursday morning after the entertainment giant revealed it would cut billions of dollars in costs along with 7,000 jobs.
Accompanying Peltz's announcement was a statement from current CEO Bob Iger that he will step down in two years.
Thursday morning, Peltz told CNBC's 'Squawk on the Street' that 'Disney plans to do everything we wanted them to do,' calling the ending of his activist battle a 'great win.'
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