06:27 AM EDT, 05/30/2024 (MT Newswires) -- Activist investor Nelson Peltz has sold his entire Walt Disney ( DIS ) stake at a price of around $120 a share, netting a return of about $1 billion, multiple media outlets reported, citing people familiar with the matter.

The divesture comes after Nelson Peltz's Trian Partners unsuccessfully campaigned to secure board seats for himself and former Disney finance chief Jay Rasulo, CNBC reported.

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