Access here alternative investment news about Disney, Hedge Funds Spending Big To Reach Voters In Proxy Fight

Disney, Hedge Funds Spending Big To Reach Voters In Proxy Fight

by businessinsider.com posted 4weeks ago 37 views
Hedge Funds
This week's big Disney shareholder vote is supposed to be a seismic event — a referendum on the future of one of the world's most important entertainment companies. But we can definitively say that the Disney proxy battle, which concludes on Wednesday, has been a nice boost for a collection of consultants and media companies. That's because Disney and the hedge funds battling for seats on the company's board of directors are expected to spend some $70 million to wrangle votes over the course of the campaign.

In this article