News

Peltz’s Trian Fund acquires stake in Domino’s Pizza

May 16, 2011

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.