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Disney wins backing from hedge fund pair in boardroom battle

The unusual twist in battle for Disney’s board underscores high stakes in company’s attempted turnaround under CEO Bob Iger

Activist hedge funds ValueAct Capital and Blackwells Capital moved to back Disney as the business defends itself against a challenge from a third activist investor, Trian Fund Management.

The unusual twist in the battle for Disney’s board underscores the high stakes in the company’s attempted turnaround under CEO Bob Iger.

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