• Most Popular
  • Most Shared

Peltz's Trian reports smaller stake in Dr Pepper Snapple

Fri Jun 26, 2009 10:26am EDT

Stocks

   

NEW YORK, June 26 (Reuters) - Trian Fund Management cut its stake in Dr Pepper Snapple Group Inc (DPS.N) to 5.58 percent from 7.18 percent, according to a securities filing on Friday.

The fund run by billionaire investor Nelson Peltz said in a filing with the U.S. Securities and Exchange Commission that it owns about 14.2 million shares of the soft drink maker, following a series of transactions made this month.

In December 2008, the fund owned about 18.2 million shares. (Reporting by Martinne Geller; Editing by Derek Caney)



More from Reuters

An image of U.S. President Barack Obama is seen in an exhibition at the Nobel Peace Centre in Oslo December 9, 2009. Two leading international human rights groups gave Obama mixed reviews on his human rights record on Wednesday, a day before he is slated to accept the 2009 Nobel Peace Prize in Oslo. Human Rights Watch and Amnesty International urged Obama to use his acceptance speech on Thursday to renew U.S. leadership on human rights after its position was undermined by abuses committed during the Bush administration's war on terrorism. REUTERS/Chris Helgren

Copenhagen: What of Obama?

President Barack Obama’s decision to attend the climate talks in Copenhagen is said to show the White House is serious about pursuing a deal to curb global warming. What should Obama commit to on climate change? Share your views.  Full Article | Related Story 

    Climate Conference
    A crown in a file photo. REUTERS/File
    Special Report:

    No longer king of the hill

    When times were good, hedge fund managers could do what they wanted and people still lined up for a piece of the action. What will the post-crash, post-Madoff, post-Galleon hedge fund universe look like?  Full Article 

    Hedge Funds

    "There will be times when nations...will find the use of force not only necessary but morally justified."

    President Barack Obama,
    during his acceptance speech for the Nobel Peace Prize
      Barack Obama