Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Peltz Pares Down His Ownership in State Street Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, January 29, 2013

Peltz Pares Down His Ownership in State Street

News summary by MFWire's editors

Activist investor Nelson Peltz, and his firm Trian Fund Management, have sold off some of its holdings in State Street [profile], according to the Wall Street Journal.

The paper reports that while Trian pocketed a profit on the sale, the move came at a per-share price far below what Mr. Peltz and the firm's two other founding partners stated State Street would be worth if it followed their "action plan."

Moreover, the paper says that The stock has been buoyed by planned cost cuts that include nearly 3,000 job cuts, increased dividends and share buybacks by the Boston company. Shares jumped earlier this month when the company said it would cut more jobs and look to increase the buyback.

Read more about this in the to the Wall Street Journal.  

Edited by: Tommy Fernandez


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use