Deals
Peltz’s Trian Said to Meet DuPont’s CEO, Boosts Stake
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Trian Fund Management LP, the hedge fund co-founded by activist Nelson Peltz, boosted its stake in DuPont Co. and met top executives to discuss ways to increase shareholder value, according to people familiar with the matter.
Trian now owns more than 21 million shares of Wilmington, Delaware-based DuPont, said one of the people who asked not to be named because the information isn’t yet public. The stake is valued at about $1.25 billion at yesterday’s closing share price. The New York-based fund-management firm yesterday reported it had 5.78 million shares as of June 30.