(Corrects day of the week in first paragraph)
PARIS Nov 16 Activist investor Nelson Peltz
wants to sharply raise his stake in French food group Danone
PA> to gain a say in its management, the Wansquare website
said on Friday, without citing its sources.
Peltz and Danone could not be immediately reached for
Peltz, co-founder of U.S. investment firm Trian Fund
Management LP, said last week it bought a 1 percent stake in
Danone, the world's largest yoghurt maker.
The billionaire businessman, who often wrestles with
management at companies he considers undervalued or poorly
managed, has said Danone was undervalued and should implement
cost cuts and other measures to boost its stock
Danone, which this week is holding an investor seminar in
Russia, has so far refrained from reacting to Peltz' comments.
At 0800 GMT, Danone shares were up 0.9 percent at 48.73
euros, among the top gainers on the Paris CAC-40 index.
(Reporting by Dominique Vidalon; Editing by Christian Plumb)