Bradley G. Peltz ?

I have done this site especially for Bradley G. Peltz
in order to visit thishousewillexist.org

Sorry for my poor english translation.


Biography

Aged 65, Nelson Peltz has a long career. As a father, having ten children, but also as a financier. It is an investor rather special question here: he acquired a fondness for food groups. At the head of its first holding company, Triangle, its first move stock back to 1985 when the era of "raiders" in full swing, he bought the National Can and American Can - specialists in aluminum cans - and then resell the all, three years later, Pechiney for $ 4.2 billion.

In the 90s, he bought the maker of Snapple fruit juices for $ 300 million, before selling it in 2000, to .... Cadbury Schweppes for $ 1.5 billion. Since then, he never stopped giving to the values, from near or far, to food.

In 2002 he narrowly missed the purchase of Burger King. But it is nevertheless present in the sector: Triarc, its holding company publicly traded, is the sole shareholder of Arby, a chain has endowed a thousand restaurants plus 2,700 franchises ... Other investment vehicle Peltz: Trian Funds, his hedge fund.

These last two years, Peltz took a stake in the restaurant chain Wendy's American, he has pushed to get rid of Tim Hortons coffee shops, not to mention the specialist Heinz ketchup and condiments. Cadbury Schweppes comes complete this set.

Nelson Peltz knows the ins and outs of food businesses. He knows how to turn companies committed to the strategy wrong and how to benefit. As such, it is among the great names of "shareholder activism", which is to carefully identify value distressed, neglected by its management as its shareholders. Then invite themselves to his capital there and find allies to pressure the leadership of the "sleeping beauty", so she created value for shareholders. Activists often used to ask for seats on the board. Even at the price of Homeric battles, as was the case for Heinz, Wendy's ...

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The refusal of the management of Family Dollar to accept the bid made by Trian Group, a hedge fund of Nelson Peltz, the activist has not dampened American. He asked leaders of the retailer at a knockdown price to reconsider their position.

In early March, the Board of Directors of Family Dollar, U.S. retailer of off-price products, decided to reject the offer of 7.6 billion made by Trian Group. This proposal "significantly undervalues" the company and went against the interests of shareholders.

Returning to the office 15 days later, the hedge fund Nelson Peltz, who already holds 8% of shares of the retailer, do not let them count. "We believe our proposal is very attractive to shareholders of Family Dollar," wrote one of the leaders of Trian, Edward Garden, regretting that the management of low-cost retailer did not even try to contact him.

As usual, the funds Nelson Peltz argued that the target could be much better in terms of profitability and stock performance for the holders of securities. But one big problem, the management of Family Dollar has adopted a "poison pill" (poison pill), consisting of legal trick in this case to prevent any shareholder from holding more than 10% of the shares.

Family Dollar, founded in 1959 in North Carolina, head of over 6,500 stores in 44 states, offers 90% of products (food, clothing, household goods) at a price below $ 10. The dynamism of the retailer, which opens between 300 and 500 stores per year since 2005, is further proof, and obviously has not lost with the crisis. Another good reason to oppose the bid from Nelson Peltz ... or raise the stakes.

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Legg Mason: Nelson Peltz entered the Board of Directors

The financial services firm and investment in Baltimore, Maryland, Legg Mason says that billionaire investor Nelson Peltz, will join the board of the group after his investment firm has acquired a stake in the company of 4.3 %. This appointment expands the board of 14 directors at Legg Mason, of which 13 are independent. Peltz is CEO and founding partner of Trian Fund Management LP, which owns a stake in the fast-food chain Wendy's. Peltz, known as an activist investor, is also a member of the board of Heinz.

The financial services company released last week, as part of its second fiscal quarter 2010, a net profit of $ 45.8 million or 30 cents a share, against a loss of $ 108.7 million or 77 cents a share a year earlier. Turnover dropping 31% in contrast to 659.9 million. Assets under management increased 7% during the quarter to $ 702.7 billion, against $ 632.4 billion at end March, but far from the $ 998 billion in late 2007.

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Family Dollar jumps in pre-session on Wall Street. The title of the retailer "discount" is doped by a U.S. offer to acquire the investor Nelson Peltz for $ 55 to $ 60 per share, valuing the company between 6.95 and 7.58 billion dollars. Peltz, activist investor, contacted the CEO of Family, Howard Levine, in order to participate. Family intends to consider the proposal from the firm Peltz, Trian Group, with its financial advisors.

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Legg Mason: Nelson Peltz entered the Board of Directors

The financial services firm and investment in Baltimore, Maryland, Legg Mason says that billionaire investor Nelson Peltz, will join the board of the group after his investment firm has acquired a stake in the company of 4.3 %. This appointment expands the board of 14 directors at Legg Mason, of which 13 are independent. Peltz is CEO and founding partner of Trian Fund Management LP, which owns a stake in the fast-food chain Wendy's. Peltz, known as an activist investor, is also a member of the board of Heinz.

The financial services company released last week, as part of its second fiscal quarter 2010, a net profit of $ 45.8 million or 30 cents a share, against a loss of $ 108.7 million or 77 cents a share a year earlier. Turnover dropping 31% in contrast to 659.9 million. Assets under management increased 7% during the quarter to $ 702.7 billion, against $ 632.4 billion at end March, but far from the $ 998 billion in late 2007.

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Nelson Peltz [Trian Fund] always ready to fight!

Became a billionaire Nelson Peltz's U.S. knows that investing in a company can influence its fate. Can be classified among the minority investors as they are hyperactive, a little like Carl Icahn or Eric Knight. Belgian economic magazine takes advantage of the nickname "magician of the cut." I must say he has some experience in this area, and a clear taste for food groups. He prefers to undercut and a bit sleepy, to "help" their management to do ... what he wants.

Last year, Nelson Peltz entered the capital of the king of Heinz Ketchup and pleaded for a stronger increase in sales. For example, offering products loaded with sugar and less fat, which the group has ended up doing. Peltz and received a passing member of the Board of Directors.

Nelson Peltz is also present in the capital of the U.S. fast food chain Wendy's (U.S. number three after McDonald's and Burger King). Peltz, wants the company to reduce costs and deliver its accounts in order of battle. Then she plans to sell. What management, good boy, trying to do. But meanwhile, rising raw materials weighed on the accounts, and the case of subprime scarce cash: that which does not facilitate the task of those who want to buy Wendy's in debt. In short, the sale of Wendy's is currently postponed.

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At the end of June last, he enters on the sly - as usual - the capital of the U.S. food group Kraft Foods. As often, he has an ulterior motive: to enhance its Kraft shares by encouraging management to repurchase shares and to dispose of unprofitable branches and too exposed to soaring raw materials, such as breakfast cereals and coffee Maxwell. With the money recovered, he would like Kraft expand its presence outside the United States. Many analysts saw his "brand" in the acquisition, during the summer, Danone biscuits. An operation to 5.3 billion.

Sources believe he did the same with the English group CadburySchweppes, who finally decided to decouple its activities Biscuits (Cadbury) Beverages (Schweppes). It turns out that is exactly what Nelson Peltz asked.

Trian Fund, the holding company of Peltz, describes itself in terms quite clear and defined its involvement in business as an "operational activist." "The goals are to promote Trian shares of the shareholders through a combination of strategic redirection, improved operational efficiencies, better capital allocation and monitoring of management." In short, everything is ...

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Nelson Peltz nibbles Legg Mason gradually

Nelson Peltz is an activist serene. Rather than engaging in a strenuous struggle to join the board of directors of Legg Mason, Peltz preferred use of sweetness. It rises slowly - but surely - the capital of the company. And he claims to have the best intentions.

Nelson Peltz made a new breakthrough in the capital of the Company Asset Management Legg Mason. The Trian Fund Management boss has increased its stake from 4.3% to 5.3%.

Peltz joined the board of directors of Legg Mason on October 26 last, after a settlement agreement with the management group. Before entering, however, he had to show their credentials, pledging not to go beyond the 9.9% stake until 2012.

If the title Legg Mason has lost 7.1% since Oct. 26 el, performance remains good on the year, up 34% while the Standard & Poor's financial companies earned only 21%.

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In the last quarter, Legg Mason has benefited from improved economic conditions to meet a few heads. In three months, withdrawal of funds were limited to $ 8 billion, compared to 77 billion removed in late 2008.

In total, Legg Mason continues to lead $ 694 billion of assets under management.

On his arrival at the board, Nelson Peltz had been pretty well received. The CEO of Legg Mason, Mark Fetting welcomed the "constructive discussions" held with the businessman, adding that Peltz had expressed no intention to split the company.

One of the major shareholders of Legg Mason is one of our other "barons", Bill Miller, one of the "legends" of Legg Mason according to the Financial Times (10/12). In this edition, the British newspaper interviewed Mark Fetting said that its full confidence in Bill Miller, despite the devastating impact of the crisis on the financial picture.

Moreover, explained Fetting, Miller is already back and performed exceptionally well in recent months.

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Nelson Peltz to seek funding

The founder of Trian Partners wants AIF reap $ 1.5 billion to supply a fund to take minority stakes in listed companies. Nelson Peltz promotes investment vehicle as private equity funds since the funds invested will be blocked for a longer period than most hedge funds, reports Bloomberg.

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Nelson Peltz said his ambitions in Cadbury
The American businessman, renowned activist, climbed to 4.5% of the capital of British confectionery and drinks.

Cadbury Schweppes said, Monday, December 10, that Trian, the investment vehicle of U.S. businessman Nelson Peltz, had increased its stake from 3.47% to 4.5%.
The British group of confectionery and beverages confirms the report in the Financial Times, which moreover assured that Nelson Peltz had joined the sovereign fund of Qatar, QIA, and they would have bought all derivative contracts to improve the initial participation .

Entry to the capital in March

March 13, Nelson Peltz had bought 3% of Cadbury, two days before the group announces its intention to divest its beverages in the United States (Schweppes, Seven Up, Dr Pepper, Canada Dry ... ) and to focus on its confectionery business. A month before, when presenting its results, Cadbury had yet ruled out this assignment, and the announcement was thus enhanced the reputation of shareholder activist Nelson Peltz.

Abandonment of the sale of drinks?

Given the current credit crisis, the group could finally abandon the sale. Details could be given on Tuesday at the occasion of the publication of a report of the group.
Around 12:30 (11:30 GMT), the title Cadbury Schweppes gained 1.74% to 644 pence in a market up 0.24%. Andrew Wood, the firm Sanford Bernstein, said the increased stake in Nelson Peltz "could put some pressure behind the title, which has experienced a turbulent year, with a more up to 728 pence and a more low- to 514 pence.

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Heinz duel between Nelson Peltz and direction to the General Assembly

Ketchup war in full swing. The general meeting of the American company Heinz, which was held yesterday in Pittsburgh, Pennsylvania, was the scene of a heated confrontation between management and Nelson Peltz, the billionaire known for its lucrative financial transactions (see cons below). Very critical of the strategy of world number one ketchup, Peltz has asked shareholders to allocate 5 seats on the 12 managers that make up the council. The direction she wishes to appoint two new independent directors, bringing the board to 14 members. A vote will not be known until "several weeks", announced yesterday the management, because of the large number of ballots to strip.

The battle began five months ago when Peltz entered the capital, at 5.5%, making it the second shareholder of the food group. An investment of $ 750 million. The financial request to Heinz to reduce its costs by $ 575 million, to sell certain assets and increase its marketing spend to further promote his sauces and mustards, more and more competition from private labels.

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He stressed that the earnings per share of Heinz fell 12% since the inauguration of the current CEO, William Johnson in 1998. Meanwhile, sales fell to $ 9.2 billion (_ 6%) due to disposals of assets such as Weight Watchers Slimmer and Del Monte fruits and vegetables. Disposals criticized by Nelson Peltz.

Cost Reduction
William Johnson did not remain passive in the face of these attacks. He announced in June a cost reduction of 355 million, the elimination of 2,700 jobs and a share buyback program of up to $ 1 billion. Through these measures, the food company founded in 1869 provides for a profit increase of at least 10% this year. Yesterday, the boss of Heinz described the challenge posed by Peltz "serious" and assured that the campaign led by billionaire cost up to $ 13 million to the company. "Heinz is not a business split," said Thomas Usher, chairman of the board of directors. Management is accountable to the board, and it renders to shareholders. "Heinz has a good team, good program, good brands and good board to generate growth and value," the company said its shareholders before the vote. For his part, Nelson Peltz has reiterated he would not give his actions, even if he did not board seats sought. The entrance to the capital Peltz, known in early March, has restored color to an action Heinz whose performance was significantly lower than the market (see chart). The businessman is supported by several advisory bodies to shareholders, including the influential Institutional Shareholder Services. William Johnson and the management team have ensured, for their part, the support of CalPERS, the largest U.S. fund, which manages the pensions of officials in California. Neither party was not shouting victory yesterday. "We are pleased with the turn taken by events," said Nelson Peltz only.

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