Sun, Jul 10, 2005 - Page 11 News List

Disney directors call truce after long, bitter feud

POWER STRUGGLE The contentious shareholder lawsuit will be dropped as Roy Disney and ex-board member Stanley Gold agreed not to challenge Robert Iger's leadership

AP , LOS ANGELES

"It's certainly good to have this gone," said Janna Sampson, director of portfolio management for Oakbrook Investments. "This was nothing but bad press for Disney."

Shares of the company rose US$0.46 to US$25.46 in after-hours trading. They closed up US$0.55 at US$25 in trading on the New York Stock Exchange on Friday.

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