Nelson Peltz’s Trian Fund builds big stake Kraft Foods, Activist Bout #2?

June 29th, 2011
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Trian Fund Management LP recently purchased $420 million of Class A shares in Kraft Foods, Inc. This purchase marks Trian Fund’s renewed interest in Kraft, four years after it bought 37.3 million shares in the company in 2007, reports Bloomberg News.

Trian Fund is headed by Nelson Peltz, a New York-based activist investor who acquires sizeable stakes in companies and actively pushes for greater efficiencies and board-level changes to boost corporate performance and share price. Some of Trian’s more notable past activist-investments include Tiffany & Co. and H.J. Heinz Co.

Trian Fund’s latest SEC filing showed additional capital commitments of $447 million as of April 2011 which will boost total assets to $3.4 billion. As of March 2011, its largest holding was $406 million in Legg Mason’s stock.
For Detailed Investor Profiles on these Investors, click below:
Trian Group
Related People: Ed Garden; Nelson Peltz; Peter May
Related Entities: Trian Capital; Trian Credit Partners; Trian Fund Management, L.P.; Triarc; Triarc Companies*; Wendy's/Arby's Group, Inc.(NYSE: WEN)
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles

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