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Longacre Square Partners handles Ancora Holdings, an investor in Walt Disney Co., as it urges fellow shareholders to urge the board to compromise with Nelson Peltz’s Trian Fund Management.
Peltz wants to shake up Disney’s board by adding shareholder or investor-designated representatives to it.
In its “Fellow Shareholders” letter, Ancora says a board revamp is necessary “following an extended period of absentminded governance, ineffective succession planning, polarizing actions and sustained value destruction.”
Disney shareholders “have incurred meaningful losses and the company has dramatically underperformed the S&P Media & Entertainment Index over various periods.”
Ancora also attacked what it called a “self-serving publicity stunt” from Blackwells Capital, which has expressed concern that “Trian’s campaign prioritizes Mr. Peltz’s ego over what is best for all Disney shareholders.”
Longacre Square Partners’ Charlotte Kiaie and Olivia McCann handle Ancora, while Blackwells Capital uses Gagnier Communications’ Dan Gagnier.
FGS Global represents Copart as the online vehicle auction company acquires auto marketplace and data services business ACV, a Joele Frank client, in a deal valued at $1.9B.
BGR Group represents Noble Supply and Logistics as it files for Chapter 11 due to a change in its weapons support contract with the Defense Logistics Agency.
C Street Advisory Group is handling the Chapter 11 filing of LIV Golf following the move by Saudi Arabia’s Public Investment Fund to pull the financial plug on the League. (Updated)
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
