Reported about 1 year ago
Activist investor Nelson Peltz’s Trian Fund Management LP has acquired a significant stake in Rentokil Initial Plc, becoming one of the top 10 shareholders in the UK-based pest-control company. Trian aims to discuss strategies with Rentokil to enhance shareholder value, driving Rentokil shares up by 16% in London. Before this investment, Rentokil's stock had declined due to the pandemic's impact and Trian's move adds another UK holding to its portfolio, following past investments in Unilever Plc.
Source: YAHOO