NEW YORK Starbucks Corp.â€™s share price climbed on Friday as Wall Street welcomed news that Nelson Peltz and his related investment funds under Trian Partners had amassed a small stake in the ailing coffee giant. The activist investor also upped his stake in The Cheesecake Factory Inc. to about 4.8 percent of the casual-dining company's 67 million total shares outstanding, according to filings with federal regulators.Peltz and his affiliates said in a securities filing that the ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!