Entries tagged "Peltz"
Activist investor and CEO of Trian Nelson Peltz fights a rumor that he's targeting money manager Legg Mason.
How better to grow your credit market business than hiring former junk bond pros of Drexel Burnham Lambert fame? Nelson Peltz's hedge fund Trian Fund Management LP hired two former Drexel bankers, Jay Bloom and Dean Kehler, to help Peltz (pictured) grow Trian's presence in the ailing credit market, according to a Thursday report by The Wall Street Journal. Bloom and Kehler are reportedly leaving their posts as managing partners of private asset management firm Trimaran Capital Partners LLC, which they co-founded. The Deal caught up with Ed Garden, one of Trian's three principals, to discuss the hiring. ...
As Black Friday approaches, retailers are scrambling to meet business plans, especially with activist investors clamoring for changes. According to CNBC projected forecasts vary from the National Retail Federation's estimated 2.2% year-over-year sales gain to Global Hunter Securities' 6% to 8% decline. But some retailers are getting slammed harder than others, and activist investors on their boards will most likely have something to say about it. ...
Along with Tiffany & Co.'s announcement of its 12% increase in worldwide sales, Peter May, a founding partner of investment firm Trian Fund Management LP, has been elected to the board. May works alongside Nelson Peltz, and both are known for being activist shareholders that have aggressively pushed companies such as Wendy's International Inc., Cadbury Schweppes plc and H.J. Heinz Co. to change. ...
These days it seems the credit ratings of a company from Standard & Poor's has become a difficult barometer to use to measure the creditworthiness of an entity. Remember Enron Corp., MCI Inc. and the sudden fallout of mortgage lenders? The credit agencies including S&P failed to warn investors on the impending implosion of those companies. So, when S&P said Thursday that it changed its CreditWatch implications for Atlanta, Ga.-based Arby's Restaurant Group Inc. to developing from negative, the move seemed to give a hazy forecast to the company's creditworthiness. ...
Wendy's International Inc. agreed to sell out to Nelson Peltz's Triarc Cos. in an all-stock, $2.34 billion deal that will merge Wendy's and Arby's Restaurant Group Inc. into a 10,000-outlet fast-food company. ...
