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Activist Shareholders

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Billionaire Mr Peltz heads the Triarc buyout firm in the US and has a history of taking stakes in companies prior to forcing through change.
Last year he fought a bitter battle for representation on the board of Heinz, eventually winning two of the five seats he wanted. He has been instrumental in pushing through a round of cost-cuts and share buybacks at the ketchup to beans group.
Other targets have included the restaurants group Wendy's, where he applied pressure to have its doughnut business disposed off.
He also recently emerged as the largest shareholder in the jewellery group Tiffany's, with a 5.5% stake, and was thought to have been one of the unsuccessful bidders for Aston Martin, the luxury car marque which has just been sold by Ford.
Mr Peltz, 65, made his name in the corporate raider arena on Wall Street in the 1980s. He made his first fortune with the acquisition and merger of Triangle Industries and National Can in 1985, selling the company five years later for a profit of more than $800m (£413m).
He has had dealings with Cadbury in the past, having sold his Snapple soft drinks business to the group in a $1.45bn deal in 2000. He had bought it three years earlier for just $300m
Trian campaigned stridently for Heinz to increase shareholder value. The outcome? Even before the results of the proxy were announced, Heinz management announced a $265 million cost-cutting plan and a $1 billion share buyback program the British maker of Dr Pepper soft drinks and Dairy Milk chocolate, said Thursday that it planned to split off its American beverage unit from its candy businesses, following pressure from shareholders, including the billionaire Nelson Peltz
Last year, Mr. Peltz waged a six-month battle at Heinz, demanding five board seats for his 5.5 percent stake and finally settling for two. He pushed for the sale of noncore businesses, a higher

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