Cadbury's Split Cheers Investors

The candy king announces plans to sell or spin off its North American beverages arm thanks to a push by shareholder Nelson Peltz

One thing is clear: Financier and shareholder activist Nelson Peltz gets results—or at least gets companies to act. On Mar. 13, news emerged that the billionaire had amassed a 2.98% stake in candy and beverage behemoth Cadbury Schweppes (CSG), sparking speculation that the company could be split to increase shareholder value.

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