Deals
Trian Said to Increase Stake in DuPont to 2.7%
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Trian Fund Management LP, the activist fund manager that’s calling for a breakup of DuPont Co., increased its stake in the chemicals company to 2.7 percent, according to a person familiar with the situation.
Trian exercised a combination of put and call options and now owns 24.3 million DuPont shares, said the person, who asked not to be identified because the details of the shareholding haven’t been published. The New York-based hedge fund founded and run by Nelson Peltz held about 6.1 million DuPont shares at the end of June, according to data compiled by Bloomberg.