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Claudia is wife of Nelson Peltz (board director of Wendy's/Arby's Group, the franchise parent of Arby's, T.J. Cinnamons, Pasta Connection and Wendy's)
Nelson Peltz is full of ideas on how they should manage the large food companies in the world. It was he who told Cadbury Schweppes to separate its chocolate business of drinks like 7-Up and Dr. Pepper. He has also pushed to spin off Kraft Foods units such as Post cereals and Maxwell House coffee. On the other hand, prompted H.J. Heinz Co. to sponsor a competition for hot-dogs. "Why not think Heinz presentation less cumbersome for individual packets of ketchup?" Asks the "investor / activist" (as the press has labeled the U.S.) has become one of the most important actors food sector in global markets, influencing the way in which millions of people eat every day. Through his holding company Triarc Companies, Peltz owns the Arby's restaurant chain in the United States number 13 on sales. But in the last two years has used another vehicle-the hedge fund Trian Fund Management, to collect shares in some of the largest companies in the industry and press for making changes. The fund currently owns 5.3% of Wendy's International, about 3.5% of Cadbury Schweppes and 4.3% of Heinz. Some say that the Trian also has nearly 3% of Kraft Foods (the second largest food company in the world in terms of revenue), a share currently valued at about U.S. $ s 1500 million. Peltz, who never finished college and began his business career loading peaches and strawberries for food distribution company of his family, has influenced so bold. For example, executives regularly calling to ask for updates or submit their ideas. "Some weeks I talk with him two or three times, including weekends and late at night," says Heinz CEO William Johnson. But if managers ignore their calls may regret: Unlike other investors activists who write letters to the CEO and then send copies to the Commission for the Securities and Exchange Commission (SEC), Peltz is known for long to send statements directly to SEC. These "white papers" as he calls them, include plans to cut costs, adjust the marketing and selling units for the company to focus on its strongest brands. Arbys In 1997, Peltz became known for paying u $ s 300 billion to buy the Snapple beverage business from Quaker Oats Co. With a fresh and new product marketing, brand and revived three years later sold the business to Cadbury for $ s 1.45 billion, along with several additional brands. In early March, Peltz flew to London to meet with the Executive Chairman of Cadbury, Todd Stitzer, whom he knew from that time. As confirmed by both parties during a lunch Peltz Stitzer told that his hedge fund owned shares of Cadbury now. Then asked to separate the beverage and candy businesses. Stitzer then asked to keep a low profile until he could discuss the plan with its board. "I said, no white papers, please," says Peltz. A few days later, Cadbury announced it would split the company. And last month announced that it spin off its beverage unit. Peltz strategies could have a profound effect on an industry that has long been playing below their potential. Moreover, intensified competition between companies, analysts say. Now that Cadbury is focusing on candy, could become a powerful buyer or generate a bidding war that would involve the U.S. Hershey's and Wm. Wrigley Jr. In parallel, driven by Peltz's activism, Heinz has launched a string of sales, which is amassing a stockpile of cash that could be used for acquisitions. And now that Peltz has turned their gaze to Kraft, is said to be pressuring the firm to reduce its size and focus on its strongest brands. That, in turn, could trigger a global consolidation among food companies. In addition, Kraft said last week its Board of Directors of two directors who have the blessing of Peltz. Despite the ups and downs of the sector, the investor says he likes the industry. "Food companies tend to have brands that produce significant cash flow, even when managed poorly or the economy is weak," explains the entrepreneur. And when Trian, his hedge fund, invests in a company, Peltz and his allies try to work with managers to improve operations. At least, they say: "I always tell the management and board members who are not here to embarrass or take his job," says Edward Garden, son of Peltz and one of the founders of Trian. For its part, ensures that the investor does not seek credit for their ideas. "One of the sayings we have is that we prefer to be rich before they have the right," says Nelson Peltz "... I give credit to anyone that we generate money." Whole concept. ---- Cadbury announces the entry of billionaire Nelson Peltz The actions of the British food and beverage products today Cadbury Schweppes gained 11.47% on the London Stock Exchange, up to 607 pence (8.95 euros), after the company announced its entry into U.S. capital Millionaire Nelson Peltz. In a statement, Cadbury Schweppes says to step out and recognize some rumors that Peltz has taken a 2.98% stake in the company. This announcement caused a sharp appreciation in the stock market and revived speculation about a possible takeover bid. Specifically, the American millionaire has taken 62.4 million shares. At current stock prices, this share could be worth close to 560 million euros. Peltz has a long history as a buyer of shares in companies that appear undervalued, then, have experienced a change in ownership. Last year, bought 5.5% of Heinz and subsequently obtained a seat on its board of directors with his ally Michael F. Weinstein. ---- Mogul Nelson Peltz 1.467 million paid by Wendys burgers Through his company Triarc Cos., billionaire Nelson Peltz has bought the hamburger chain for $ 2,340 million (1,467 million euros). intent is to combine WendyZs magnate with Arbys restaurant chain, famous for its roast beefs. The operation, friendly nature, involve the exchange of 4 shares of Triarc for each share of Wendy's, so that Peltz's offer valuing each share of the newly acquired $ 26.78. At this time the actions of the hamburger chain progress are recorded from 4% to $ 26.32. The market value of Triarc, which rises on Wall Street by 2.4% to $ 6.45, is three times lower than Wendy's. After two years of negotiations, Peltz has finally achieved its goal of buying fast food chain. The problems in acquiring the company came after billionaire became the top shareholder of McDonald's and Burger King. However, last year Wendy's has been forced to seek buyer for its inability to compete with its main rivals, which dragged him to accumulate losses in the last six quarters The merger of the business of Wendy's and Arby `s results in a group of 10,000 restaurants with annual sales amount to 12,500 million dollars. Both companies continue to operate as separate brands but expect to obtain operational synergies and reduce costs to compete with McDonald's and Burger King. Peltz bet by opening new stores. --- Billionaire Nelson Peltz acquires the fast-food chain Wendy's The chain of fast food Wendy's announced today that it agreed to be acquired by Triarc, owned by billionaire investor Nelson Peltz and parent company of Arby's rival in a deal valued at 2,300 million dollars. Wendy's shareholders will receive 4.25 shares of Triarc for each of their titles, which represents a premium of six percent over the closing price reported yesterday hamburger chain. The agreement still must be approved by the boards of both companies, which together will have more than 10,000 restaurants and have annual sales of 12,500 million dollars. Wendy's currently has 6,600 and Arby's restaurants with over 3,700 stores, they said both companies, which continue to operate as separate units within the same group. Triarc and Wendy's expect that the transaction, which must also receive approval from both shareholders and competition authorities, is closed in the second half of 2008. Following the acquisition, Triarc added the name of Wendy's, a brand known to the group and its Board of Directors is composed of 12 members including two directors nominated by Wendy's, they said. Triarc CEO Roland Smith, will also assume the position as CEO of Wendy's. On the other hand, Wendy's announced today that in the first quarter of this year earned U.S. $ 4.143 million or five cents per share, a 71.8 per cent less than the same period last year, when its net profit was of U.S. $ 14.687 million or 15 cents per share. Wendy's sales in the first three months of the year were $ 582 million, representing a fall of 1.4 percent over the previous year. Wendy's shares rose today on the market with 2.92 per cent to $ 26.06 while Triarc shares gained by 1.90 per cent to $ 6.42. MarketWatch bj / emm / joc --- Billionaire Nelson Peltz acquires the fast-food chain Wendy's The chain of fast food Wendy's announced today that it agreed to be acquired by Triarc, owned by billionaire investor Nelson Peltz and parent company of Arby's rival in a deal valued at 2,300 million dollars. Wendy's shareholders will receive 4.25 shares of Triarc for each of their titles, which represents a premium of six percent over the closing price reported yesterday hamburger chain. The agreement still must be approved by the boards of both companies, which together will have more than 10,000 restaurants and have annual sales of 12,500 million dollars. Wendy's currently has 6,600 and Arby's restaurants with over 3,700 stores, they said both companies, which continue to operate as separate units within the same group. Triarc and Wendy's expect that the transaction, which must also receive approval from both shareholders and competition authorities, is closed in the second half of 2008. Following the acquisition, Triarc added the name of Wendy's, a brand known to the group and its Board of Directors is composed of 12 members including two directors nominated by Wendy's, they said. Triarc CEO Roland Smith, will also assume the position as CEO of Wendy's. On the other hand, Wendy's announced today that in the first quarter of this year earned U.S. $ 4.143 million or five cents per share, a 71.8 per cent less than the same period last year, when its net income was 14,687 million or 15 cents per share. Wendy's sales in the first three months of the year were $ 582 million, representing a fall of 1.4 percent over the previous year. Wendy's shares rose today on the market with 2.92 per cent to $ 26.06 while Triarc shares gained by 1.90 per cent to $ 6.42. --- Billionaire Nelson Peltz acquires the fast-food chain Wendy's In the mail in our section of your palate, in which our readers send in their favorite recipes, we recently reached Marimel is so appetizing. I leave you to it: My name Marimel and I'ma regular reader of your excellent web. Today I decided to send you this recipe for mackerel, because as we're in season you can find a good price and it is very healthy. We can harness for children who are not very friendly fish, eat it without even realizing what is, for the presentation, why not find thorns and because it softens the flavor. The recipe I have called into question: Verdel burger with mashed peas Ingredients (4 people) 4 mackerel (or mackerel) ration, one onion, one large egg, breadcrumbs, a few slices of prosciutto, parsley, 2 cloves of garlic, red peppers, 500 gr. frozen peas, oil and salt. Preparation To make the burgers, first we have to get the mackerel flaps (if we do it in the fish). We removed the heads and we put the knife flat against the backbone and we cut to remove one of the loins. We turned and took the other. We do so with all the pieces of fish. Put the steak on the table with the meat up and go with a spoon scraping the head to tail, the flesh of mackerel. The mackerel is in the central part of most bones, so to scrape the sides in two batches, to leave the bones in the middle. This operation will achieve two things: crumble the meat and remove most of the spines. We do this with all the steaks and deposit their meat in a bowl. With the help of fingertips a little shredded meat and removed, if any, some spine. Finely chop the onion, put it in a dish, we add a little salt and cover with oil. Cover with plastic wrap and put it in the microwave for five minutes. Carefully remove the film (much steam comes out and we can burn) and add the onion to the bowl of mackerel. We also incorporate an egg, salt, chopped parsley and a little bread crumbs. Mix. If we see that the dough is too sticky, we add a little more bread crumbs. We eight balls with the dough, and crushed. We put up, covering a portion of a piece of ham and cover with another piece. Crush sealing the outside and go through them crumbs form. We do this with all, to obtain the four burgers. For the mushy peas, put a pint of water to boil with a little salt. Bring to the boil, pour the peas, let it boil a minute (since their start over water boiling), and took the glass of the mixer reserving the cooking water. Grind the peas to boiling water by putting them until we get the desired texture. Strain, put a pinch of salt and set aside in a pan in a water bath. We grilled burgers with a little oil over high heat, for a short time. Have to take color out, but done little, so that the fish we are not left dry. Serve the burgers accompanied by a puree of peas and topped with strips of red peppers, cooked with a little salt and sugar for five minutes over low heat and a little fried garlic. For children, they can be served with homemade tomato sauce. We can also add chopped mushrooms made in the microwave, to mitigate a little taste dislike both small. ---- Family Dollar soars 28% to the possible takeover of Nelson Peltz Family Dollar soars 28% in pre-opening about the possible takeover investor Nelson Peltz. According to The Wall Street Journal, the group that runs this magnate, Trian Group, will offer 55 to $ 60 per share for the retailer, valuing the company at 7,600 million dollars. The newspaper is filtered in a statement sent to regulators. Nelson Peltz and has an 8% Family Dollar chain has more than 20 stores in the St. Louis area. Peltz and have held talks with the president and vice president of the company. --- Family Dollar soars 28% to the possible takeover of Nelson Peltz Family Dollar soars 28% in pre-opening about the possible takeover investor Nelson Peltz. According to The Wall Street Journal, the group that runs this magnate, Trian Group, will offer 55 to $ 60 per share for the retailer, valuing the company at 7,600 million dollars. The newspaper is filtered in a statement sent to regulators. Nelson Peltz and has an 8% Family Dollar chain has more than 20 stores in the St. Louis area. Peltz and have held talks with the president and vice president of the company. --- Thalía sell his mansion in Palm Beach by 8.25 million Last week, the Mexican singer Thalía opened the doors of his mansion in Palm Beach, Florida, told the magazine Hello! Mexico, for a report on her new pregnancy. The luxurious 'beach house' in the interpreter of "Wrong" is on sale for $ 8.25 million. The artist is known to be very jealous of his privacy, but agreed to do the photo essay that publication, as a reminder of the place, building her husband Tommy Mottola in 2008 bought $ 6 million. Mottola, former chairman of the Sony Music label, is well known in the U.S. real estate market. In the past 15 years, the employer has acquired and sold nearly a dozen properties of several million dollars. Here's a quick summary of its real estate activities: In 1998, Mottola sold a large residence in NY for $ 20.5 million by billionaire Nelson Peltz. A year later he sold his beautiful house in Aspen, Colorado for U.S. $ 17.75 million. Also in 1999 bought three apartments on Central Park West and sold it to Jeff Bezos of Amazon, for $ 7.65 million - a fraction of the price you paid. In 1999, he bought a house in New York City's co-founder of DreamWorks, David Geffen, for $ 13.3 million. After investing nearly $ 10 million in a reform Mottola put it on sale for $ 34 million, but only managed to sell the property in 2003 for $ 13.8 million. In 2001, he sold a farm of 47 acres in Katonah, New York for $ 18.3 million, and invested the money in the construction of a mansion with 15 rooms in North Salem, New York. In 2006 Mottola finished construction and put on sale in May 2007 for $ 19.5 million. But the mansion, known as "The Summit", was sold a year later for $ 14.75 million. In July 2006, the phonograph employer paid $ 47 million in cash on a lavish ranch, 30 miles northwest of Aspen, Colorado. At the time it said it was his birthday Thalia. Tommy and Thalía currently have homes in Manhattan, Greenwich, CT, Columbia County, New York, and this 8,000 square foot mansion in Palm Beach, FL you just placed on sale. |
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