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Nelson Peltz's Trian amasses top 10 stake in British pest-control firm Rentokil, Bloomberg News reports
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Nelson Peltz's Trian amasses top 10 stake in British pest-control firm Rentokil, Bloomberg News reports
Jun 11, 2024 2:07 PM

June 11 (Reuters) - Nelson Peltz's Trian Fund Management

has amassed a significant stake in British pest-control firm

Rentokil Initial ( RTO ), Bloomberg News reported on Tuesday,

citing people familiar with the matter.

The activist investor is now among the top 10 shareholders

in Rentokil, which was reached out to discuss strategies, the

report added.

Trian Fund Management and Rentokil Initial ( RTO ) did not

immediately respond to Reuters requests for comment on the

report.

The fund management ended its boardroom battle with media

giant Walt Disney ( DIS ) by dissolving its entire stake and it

also cut its stake in London-listed plumbing equipment Ferguson

.

Rentokil agreed to buy Terminix in 2021, helping the British

company build scale and create a global pest control services

giant for both offices and homes.

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