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Nelson Peltz’s Trian Reveals Mystery Stock Is Bank of New York Mellon
The activist firm has taken a $1 billion stake in the financial services giant, making it one of Trian’s largest positions.
Nelson Peltz, Trian Fund Management (Bloomberg)Nelson Peltz’s Trian Fund Management appears to have finally revealed its mystery stock — a large position that the firm first disclosed but declined to name in April. The New York–based activist-oriented investment firm disclosed it owned 9.33 million shares of the Bank of New York
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