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Billionaire Nelson Peltz's Trian Fund Management LP has acquired a 9.7 percent stake in Domino's Pizza.
According to Bloomberg, Peltz's hedge fund now holds 6 million shares in the pizza company, valued at about $140.1 million.
The deal was filed with the U.S. Securities and Exchange Commission Monday.
Upon news of this acquisition, Domino's shares rose almost 3 percent.
Peltz is no stranger to the foodservice industry, with previous investments in Heinz and Kraft Foods and an 18.3 percent ownership of Wendy's/Arby's Group.
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