Nelson Peltz’s Trian Fund builds big stake Kraft Foods, Activist Bout #2?
|June 29th, 2011||
|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’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.
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