PELTZ’S CADBURY STAKE MELTS November 25, 2009 US billionaire investor Nelson Peltz has cut his stake in takeover target Cadbury to 2.68 per cent from 3.03 per cent. Peltz also owns a stake in Kraft, which has launched a hostile £9.8bn bid for?Cadbury. Rival candy-maker Hershey is said to be near to trumping Kraft’s offer, after gaining local political approval.
Peltz on board, says Legg Mason November 11, 2009 Legg Mason chief executive Mark Fetting has denied suggestions that hedge fund manager Nelson Peltz, the money manager’s newest board member, might be pressing to carve up the firm. Peltz, an activist investor known for demanding change at jeweller Tiffany & Co and fast-food chain Wendy’s, joined the Baltimore-based asset manager’s board last month. Since [...]
Kraft activist shareholder is ungagged October 26, 2009 ACTIVIST investor Nelson Peltz has had a two-year gagging order lifted by Kraft, sparking talk that the US food giant will now come under pressure to secure a takeover deal with Cadbury. Peltz’s Trian Fund Management group had struck a two-year “standstill” agreement with the US group in November 2007, under which he promised not [...]