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Bob Iger, Disney Chairman, Sells Nearly $100M In Shares

By John F. Heerdink, Jr.

 Reportedly, the Walt Disney Company (DIS) Chairman Bob Iger, 70, sold $98.7 million worth of shares in the company as an effort to diversify his portfolio. Iger disposed of 550,570 shares at an average price of $179.21 on June 1, which cut the shares he owns directly by 50% to 555,865.

“The value of these shares reflects the significant shareholder value generated under his leadership,” Disney said in a statement.

Dow 30 Component, The Walt Disney Company (DIS), and its subsidiaries is a diversified worldwide entertainment company that operates in four business segments: Studio Entertainment, Media Networks, Parks and Resorts, and Consumer Products & Interactive Media. To learn more about this Dow 30 Component, The Walt Disney Company (DIS), and to continue to track its progress please visit the Vista Partners Walt Disney Company, Coverage Page. 

 

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(Read Original Story: Disney Chairman Bob Iger Sells Almost $100 Million in Shares in Bloomberg)


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