Unilever shares gain after activist investor Peltz builds stake By Reuters
© Reuters. FILE PHOTO: Unilever logo is displayed in this illustration taken on January 17, 2022. REUTERS/Dado Ruvic/Illustration
(Reuters) – Unilever (NYSE:)’s shares rose 5% on Monday following reports activist investor Nelson Peltz has built a stake in the consumer goods maker, as its strategy comes under scrutiny after effectively abandoning the pursuit of GlaxoSmithKline (NYSE:)’s consumer healthcare business.
Peltz’s activist hedge fund, Trian Partners, has built an unspecified stake in Unilever, a person familiar with the matter told Reuters on Sunday. New York-based Trian is known for proposing operational fixes at its portfolio companies.
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