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Nelson Peltz sells $1 billion worth of stock after Disney proxy battle

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Nelson Peltz, the billionaire investor, has made a significant profit of $1 billion by completely divesting from a contentious proxy battle. Peltz, who is the owner of Trian Fund Management, recently sold his entire stake in Disney at a price of $120 per share, boosting his wealth considerably. This development was reported by CNBC, noting that Disney’s stock is currently trading at approximately $100 per share.