Nelson Peltz's Trian Amasses Top 10 Stake in Terminix-Owner Rentokil [Yahoo! Finance Canada]
Ecolab Inc. (ECL)
Last ecolab inc. earnings: 4/28 08:30 am
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The investment firm is now among the top 10 shareholders in Rentokil, which owns Terminix in the US, according to the people. Trian has reached out to Rentokil to discuss strategies, they said, asking not to be identified discussing private information. ADVERTISEMENT Shares in Rentokil jumped as much as 16% in early trading in London, reaching the highest level in about three months and giving the company a market capitalization of about £12 billion ($15.3 billion). Before today, the shares had lost more than a third of their value in London over the last 12 months. The exact size of the stake and Trian's plans for the company couldn't immediately be learned. Representatives for Rentokil didn't immediately provide a comment. “Trian confirms that it has a significant position in Rentokil and is currently a top 10 shareholder,” the firm said in an emailed statement. “Trian also confirms it has reached out to Rentokil to discuss ideas and initiatives t
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ECL
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