Activist investor Nelson Peltz, who took a stake in State Street Corp. more than two years ago to push for changes to boost the share price, exited his holding in the custody bank in the third quarter.
Wal-Mart Stores Inc.’s former general counsel has joined a sports-medicine clinic and foundation supported by a range of wealthy benefactors, including a member of the Walton family and a Wal-Mart director.
PepsiCo Inc., the food and beverage company that investor Nelson Peltz wants to split up, posted third-quarter profit that topped analysts’ estimates as sales of snacks gained in the U.S. and Latin America.
DuPont Co., the biggest U.S. chemical maker by market value, posted third-quarter profit that beat analysts’ estimates on higher sales volumes at units that make materials for solar panels and bullet-resistant vests.
Trian Fund Management LP’s Nelson Peltz, the activist investor who owns stakes in PepsiCo Inc. and Mondelez International Inc., said yesterday the soft-drink maker should acquire Mondelez for as much as $67.8 billion.
DuPont Co., the biggest U.S. chemical maker by market value, plans to spin off its performance-chemicals unit as part of efforts by the company to boost shareholder value and focus on higher-margin businesses.