Billionare Peltz Next Target: Cheesecake Factory (CAKE)

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.

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