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Unilever shares gain after activist investor Peltz builds stake -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – This illustration was taken January 17, 2022 and features the Unilever logo. REUTERS/Dado Ruvic/Illustration

(Reuters) – Unilever’s stock rose 5% Monday after reports that activist investor Nelson Peltz had bought a stake. This comes as the company’s strategy is under fire, having effectively abandoned the pursuit GlaxoSmithKline’s consumer healthcare division.

Trian Partners, Peltz’s activist hedge fund has purchased an unspecified share in Unilever. A person who is familiar with the matter said that Reuters was told Sunday by Reuters. Trian Partners, a New York-based hedge fund that offers operational solutions to its portfolio companies is well-known.

 

 

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