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Rentokil Initial surges after Peltz emerges as a leading investor
June 12, 2024
|Evening Standard
WALL Street billionaire activist Nelson Peltz sparked a surge for Rentokil Initial shares today after emerging as a top 10 investor in the world's biggest pest control firm.
The interest of Peltz's Trian Partners comes with Rentokil under heavy City pressure due to weak US demand in the wake of 2021's transformational deal to buy Terminix.
Trian told Bloomberg that it had built a "significant position" and that it was willing to discuss ideas and initiatives to improve shareholder value.
The interest of Peltz, whose previous London-listed targets have included Unilever and the plumbing supplies firm Ferguson, sent Rentokil shares up by as much as 15%.
هذه القصة من طبعة June 12, 2024 من Evening Standard.
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