Sony and Zee. | Photo Credit: REUTERS Zee Entertainment Enterprises Ltd on Sunday said the Singapore Arbitration Centre has denied Sony Group’s plea seeking to restrain the Indian media company from approaching the NCLT to enforce a merger that was called off by the Japanese company’s Indian arm. An Emergency Arbitrator of Singapore International Arbitration … Read more
Walt Disney said Tuesday it “does not endorse” the candidates nominated by activist shareholders in a preliminary proxy filed with the Securities and Exchange Commission. Disney Chief Executive Bob Iger, in a letter to investors, said the company has embarked on an “unprecedented transformation,” making management changes and streamlining operations to become more cost-efficient. It is … Read more
Activist investment firm ValueAct Capital Management agreed to back Walt Disney’s board nominees at its upcoming shareholder meeting as the entertainment giant looks to fight off a proxy battle from Nelson Peltz. Disney signed an agreement to share confidential company information with ValueAct, plus consult with the San Francisco-based firm “on strategic matters, including through … Read more
The Ahwahnee hotel dining room is reopening in time for Christmas. Courtesy of Yosemite Hospitality. The dining room at Yosemite National Park’s Ahwahnee hotel is scheduled to open just in time for the Christmas rush. Hotel officials began notifying waitlisted visitors this week that the dining room, adorned with chandeliers, stone walls, a beamed ceiling … Read more
