Nelson Peltz
Nelson Peltz in an American billionaire. He is Chairman of Triarc Companies (NYSE: TRY), the franchisor of the Arby's restaurant in the US and Canada. Peltz is also CEO and Founding Partner of Trian Fund Management, L.P, a New-York based investment company.
Peltz is a board member at H.J. Heinz (NYSE: HNZ), which was awarded to him after he pushed the company for changes.
In 2008, Peltz reached a deal to acquire Wendy's (NYSE: WEN).
Peltz also owns large stakes in Kraft Foods (NYSE: KFT), Cheesecake Factory (Nasdaq: CAKE), Tiffany & Co. (NYSE: TIF) and Cadbury-Schweppes (NYSE: CSG). In 2007, Cadbury-Schweppes announced plans to split-off and sell their Americas Beverages unit following Peltz' involvement in the stock, but a sale could not be reached due to the credit crunch.
This weekend's Barron's had an article highlighting Wendy's/Arby's (NYSE: WEN) and said that although its stock price has suffered the past few months, it still could look appetizing to investors.
However, Barron's does mention some things that are likely dragging on the stock. WEN has slid more than 30%, to around $3.70.Sales have been declining at Arby's.
The company won't specify how it will use most of the proceeds from a recent $565 million bond offering.
A recent agreement under ...
Beaten-down fast food chain Wendy's/Arby's Group, Inc. (NYSE: WEN) has a couple positive things going for it this morning that has the stock moving up about 6% higher in pre-open trading.
First, Barron's had ...
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The WSJ is reporting that contrary to a story out of the Telegraph yesterday, activist investor Nelson Peltz has not increased his stake in Legg Mason (NYSE: LM).
Deutsche Bank upgrades Legg Mason (NYSE: LM) from Sell to Hold. Price target increased from $18 to $23.
Deutsche analyst says, "Despite the fundamentals at Legg Mason remaining weak (performance, outflows, margins, & earnings outlook), recent press reports of ...
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Legg Mason (LM) 16K call trade as shares rally on report Peltz buying shares
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Reports Peltz Building Large Stake in Legg Mason (LM)
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Wendy's/Arby's Group, Inc. Announces Results of 2009 Annual Meeting of Stockholders
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Form 4 TIFFANY & CO For: May 21 Filed by: Trian Fund Management, L.P.
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Peltz's Trian Partners Lowers Stakes in KFT, HNZ, TIF; New Stake in LM
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Form 13F-HR Trian Partners General For: Mar 31
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Form 13F-HR Trian Fund Management For: Mar 31
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Form 13F-HR Trian Partners Parallel For: Mar 31
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Form 13F-HR Trian Partners Parallel For: Mar 31
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Target Corporation Issues Open Letter to Shareholders
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Form 10-Q TRIAN ACQUISITION I CORP For: Mar 31
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Krispy Kreme Doughnuts (KKD) Back From The Dead, Shares Surge 34%
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Hampshire Announces (HAMP) Announces Resignation of Its President and CEO
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Biogen (BIIB) Receives FDA Approval for TYSABRI High Titer Production
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Peltz's Trian Fund Lowers Stake in Tiffany & Co. (TIF) to 6.9%
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Top 10 News Items 2/17-2/20: Obama Unveils Housing Plan; Financials Continue Getting Smashed; GM Asks for Additional $4.5B
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Nelson Peltz Loads Up On Doughnuts and Burgers (KKD, CKR)
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Peltz's Trian Fund Boosts Stake in Dr Pepper Snapple (DPS), Says Stock Is Undervalued
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Trian Partners Waives Conditions to Wendy's/Arby's Tender (WEN) Offer
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Satellite Asset Management Halts Client Redemptions at 3 Largest Funds
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Peltz's Trian Partners Likes UltraShort Financials (SKF), Sells Out of Hansen (HANS) and PF Changs (PFCB)
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Trian Fund Announces Tender Offer For 40M Shares of Wendy's/Arby's Group (WEN) at $4.15
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Cramer Fills Up On Mac & Cheese (KFT)
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Kraft (KFT) to Replace AIG in DJIA; Stock Jumps 2%
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Nelson Peltz Bet On UST Pays Off...What's Next?
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Loeb's Third Point Buys Into Starwood (HOT) and Tibco (TIBX), Dumps Yahoo! (YHOO)
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Nelson Peltz Fills His Pipe With Philip Morris (PM), Lorillard (LOR) and UST (UST)
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Operational Activist Investor Nelson Peltz Builds A Stake In P.F. Changs (PFCB)
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Operational Activist Investor Nelson Peltz Builds A Stake In Hansen Natural (HANS)
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Peltz's Trian Fund 13F Shows Stakes In Another Casual Diner, Makes Bets On Tobacco, Says Goodbye to Starbucks
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Peltz's Trian Fund Shows New Stakes in HANS, TGT, UST, PM, PFCB Among Others
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Starbucks (SBUX) Sees Upside Action on Chatter
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Pre-Open Movers 5/16: Pharmacopeia (PCOP) Up on Positive Drug Data, Dynavax (DVAX) Lower on Drug Data
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After-Hours Movers 5/15: Noah Education (NED) Up on Results/Guidance; KongZhong (KONG) Lower on Results
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Peltz Trian Partners Shows Nearly 900K Stake in Starbucks (SBUX)
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Peltz Trian Partners shows a 898,500 share stake in Starbucks (SBUX)
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Triarc (TRY) and Wendy's (WEN) Sign Definitive Merger Agreement
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Wendy's (WEN) To Announce Transaction With Operational, Activist Investor Peltz
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Trian Sends Letter To Wendy's (WEN) Board--Wendy's Denied Trian's Two Acquisition Proposals
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Peltz's Trian Fund Boosts Stake in Tiffany (TIF) to 8.44%, Notes Partner Nominated to Board
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Trian Lowers Stake in Heinz (HNZ); Heinz Says Trian Didn't Sell Shares, But is Distributing to Investors
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Trian Lowers Stake in Heinz (HNZ); Heinz Says Trian Didn't Sell Shares, But is Distributing to Investors
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Peltz Trian Fund To Nominate Persons To Wendy's (WEN) Board
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Tiffany's (TIF) Looks Good
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Peltz' Trian Fund Uses Weakness To Accumulate More Tiffany (TIF) Shares
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Peltz' Trian Granted Early Termination From FTC on Marsh & McLennan (MMC)
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Trian's Nelson Peltz Receives Clearance To Buy More Marsh & McLennan (MMC)
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UPDATE: Peltz Builds Up 10% Stake in Cheesecake Factory (CAKE) Source Tells Bloomberg
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Billionare Peltz Next Target: Cheesecake Factory (CAKE)
