Will This Activist Investor Try to Break Up Comcast?
On Monday, Sept. 21, The Wall Street Journal reported that Trian Fund Management, an activist investment firm headed by Nelson Peltz, had taken an $870 million stake in Comcast, good for about 0.4% of the company.
The news sent Comcast shares up at the end of the day, though shares still finished in the red on a down day for the markets. Comcast shares are up about 2.4% for the year, though still below their January highs.
Source Fool.com
