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| Norman Peltz |
Reevemark is representing Nelson Peltz’s Trian Fund Management as it promises to take its case directly to Walt Disney shareholders that it needs to shake up its board.
Disney CEO Bob Iger today extended an offer to Trian to meet with his company's board, but rejected its request that Peltz become a director.
Trian, which used Reevemark in last year’s bid to get Peltz a board seat, says it gave Disney an opportunity to “right the ship” but the company’s shares have tumbled $70B in value.
“Investor confidence is low, key strategic questions loom, and even Disney's CEO is acknowledging that the company's challenges are greater than previously believed,” said Trian in a statement.
Reevemark’s Paul Caminiti, Pamela Greene and Jacqueline Zuhse represent Trian, which owns about $3B in Disney stock.
Caterpillar’s Rob Rengel will join ATI Inc. on June 22 as VP-investor relations, succeeding the retiring David Weston.
Hut 8, energy infrastructure platform, has named NextEra Energy's Mark Eidelman head of IR and SVP of strategic finance.
Teneo handles easyJet as Minneapolis investment firm Castlelake mulls a possible takeover of the British budget airline.
Brunswick Group represents Universal Music Group as it rejects the unsolicited $65B takeover offer by billionaire Ed Ackman's Pershing Square Capital Management because it “fundamentally and materially undervalues” the world’s largest music company.
Prosek Partners brings on Danielle O’Brien as a managing director in its investor relations practice, based in the firm’s New York office.
