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Cadbury Schweppes plc confirmed Monday, that Nelson Peltz’s Trian Group and affiliates had lifted their stake to 4.5% from 3.5%. Peltz was seen as triggering Cadbury’s sudden decision in March to shed its Americas Beverages unit, though the London confectioner insisted at the time it had been plotting the move for months.
The Financial Times reported Monday that Peltz had established a special-purpose vehicle with Qatar Investment Authority to increase his holding through derivative contracts and may acquire a further stake. Cadbury said the instrument through which the share purchase was made isn’t obliged to disclose its holding. —Laura Board See story from The Financial Times Categories Deal Video
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