Thursday April 25, 2024 | Last Update: April 25, 2024 EDT
Sysco Corporation has added Nelson Peltz, CEO and founding partner of Trian Fund Management LP, and Josh Frank, a partner in Trian, to the company’s board of directors, in a move that can help increase the company’s value, according to a press release issued by Sysco.
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Trian Partners, a hedge fund owned by activist investor Nelson Peltz, has acquired a more than 7 percent stake in Sysco Corporation for $1.6 billion, according to a report from Reuters.
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