Exclusive-Blackwells to nominate board directors at Disney, rivaling Trian -sources

Activist hedge fund Blackwells Capital will nominate three directors at Walt Disney Co, rivaling Trian Fund Management which is seeking two seats on the entertainment giant's board, people familiar with the matter said. While board challenges typically represent attempts to change a company's strategy, Blackwells is supportive of Disney CEO Bob Iger's work, the sources said. Blackwells is offering a choice of nominees to Disney shareholders who agree that new blood on the board could help Iger but object to electing Trian's nominees, who are critical of the company's strategy, the sources added.