Disney Winning Proxy Fight Against Trian With More Than Half of Votes Cast

Walt Disney has pulled ahead in its proxy battle against Nelson Peltz’s Trian Partners with more than half of all shares voted, according to people familiar with the matter.

BlackRock, Disney’s second-largest shareholder, is among the major investors backing Disney, the people said. The money manager owns around 78 million Disney shares, giving it a 4.2% stake worth around $9.5 billion, according to FactSet.