Nelson Peltz

Nelson Peltz Continues Activist Campaign, Acquiring 4% of IHG

 

Nelson Peltz has been buying agressively in recent times, and that run has continued today as the maven took a 4.27% stake in Intercontinental Hotels Group Plc (LON:IHG). Trian Fund Management, Peltz' investment vehicle. disclosed the stake today to the appreciation of the market. Intercontinental's share price rose more than 6% in trading today on news of the stake.

This is not the first aggressive European move Peltz has made this month. The investor bought a 7.3% stake in Ingersoll-Rand . . .

SORRY!

This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email support@valuewalk.com and we will get back to you as quick as humanly possible


Saved Articles
X
TextTExtLInkTextTExtLInk

Are you a smart investor? Join tens of thousands of sophisticated investor reading our authoritative free newsletter

* indicates required


Congrats! Are you a smart person?

We have an exclusive targeted for being a sophisticated and loyal reader.

Sign up today and get three months free

Use coupon code vip19 or click on the button below

Limited time offer only ENDS 10/31/2019 or after next 25 20 subscribers take advantage whichever comes first – please do not share this discount with others

 

0