Trian Fund Management acquires stake in Rentokil Initial [Yahoo! Finance]
Rentokil Initial plc American Depositary Shares (each representing five (5) Ordinary Shares) (RTO)
Company Research
Source: Yahoo! Finance
company Rentokil Initial (NYSE:RTO), sources familiar with the matter told Bloomberg on Tuesday. The investment firm now ranks among the top ten shareholders in Rentokil, the owner of Terminix in the US. Trian has reportedly reached out to Rentokil to discuss strategies, although the specifics of these conversations remain confidential. The exact size of Trian's stake and its plans for Rentokil have not been disclosed. Representatives from Trian declined to comment, while Rentokil has not yet provided a response. Over the past 12 months, Rentokil's shares have lost over a third of their value in London, resulting in a market capitalization of approximately £10.5 billion ($13.3 billion). The company also has depositary receipts listed in New York. According to its annual report, Rentokil generated most of its 2023 revenue, approximately £3.3 billion, in North America. It currently trades at about 27 times earnings, whereas its US counterparts, Ecolab Inc (NYSE:ECL). and Rolli
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News
- Rentokil Terminix Opens State-of-the-Art North American Innovation Center [Yahoo! Finance]Yahoo! Finance
- Rentokil Terminix Opens State-of-the-Art North American Innovation CenterPR Newswire
- Rentokil Initial plc (NYSE: RTO) is now covered by analysts at JPMorgan Chase & Co.. They set a "neutral" rating on the stock.MarketBeat
- HOW TO KEEP PESTS FROM BUZZING THROUGH COMMUNITY CLEAN-UP EVENTS THIS EARTH DAY [Yahoo! Finance]Yahoo! Finance
- HOW TO KEEP PESTS FROM BUZZING THROUGH COMMUNITY CLEAN-UP EVENTS THIS EARTH DAYPR Newswire
RTO
Analyst Actions
- 4/23/24 - JPMorgan Chase & Co.
RTO
Sec Filings
- 6/26/24 - Form 6-K
- 6/26/24 - Form 6-K
- 5/17/24 - Form 6-K
- RTO's page on the SEC website