Walt Disney's (DIS.N), opens new tab largest investor, Vanguard Group, on Tuesday voted to elect the entertainment giant's incumbent directors, allowing the company to pull further ahead in a bitter boardroom fight with two hedge funds, sources told Reuters.
The decision by Vanguard, which owned an 8.2% stake in the home of Mickey Mouse at the end of last year, comes just hours before the deadline for a shareholder vote that will guide the future of one of the world's largest entertainment companies. Vanguard was not immediately available for comment.