Billionare Peltz Next Target: Cheesecake Factory (CAKE)
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According to a posting a ftc.gov, Nelson Peltz Trian Star Trust was granted early termination notice from the FTC, required under the Hart-Scott-Rodino antitrust law, on Cheesecake Factory (Nasdaq: CAKE).
The FTC did not disclose the nature of the transaction, but approvals are given on acquisition of stocks or assets greater than $50 million.
Peltz did not show a stake in Cheesecake at the quarter ended Sept 30, 2007.
The FTC did not disclose the nature of the transaction, but approvals are given on acquisition of stocks or assets greater than $50 million.
Peltz did not show a stake in Cheesecake at the quarter ended Sept 30, 2007.
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