Starbucks Corp.’s shares got a lift Friday after a regulatory filing disclosed a stake by activist investor Nelson Peltz’s Trian Partners in the coffeehouse giant. It will be interesting to see what Nelson Peltz has in store for the big green coffee giant. At just about every place that Nelson has put any interest in, he has managed to make significant changes.
When he bought shares in Wendy’s, he was able to influence the sale of Tim Horton’s. So from all the Trian holdings from Tiffany and Company to Cracker Barrel there have been big changes.
As the Wendy’s deal will close in Q3 of this year, I would suspect that there will be a lot of moves internally in Columbus. We are sure that Kerri Anderson will be out, but it would be likely that there will be a lot of parachutes opening around September.
We will have to see.
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nelson peltz : scriptbest says:
[...] Starbucks jumps as Nelson Peltzs Trian buys stakeStarbucks Corp.s shares got a lift Friday after a regulatory filing disclosed a stake by activist investor Nelson Peltzs Trian Partners in the coffeehouse giant. It will be interesting to see what Nelson Peltz has in store for the big … [...]
22 June 2008, 10:30 pm