Cadbury Schweppes: Peltz Stake Sparks Share Interest

Cadbury Schweppes (CSG) said, in response to market speculation, it has been informed by Nelson Peltz that he and certain of his affiliates have interests in 62,465,267 Cadbury Schweppes shares, representing 2.98% of Cadbury Schweppes' issued share capital.

The stake has sparked takeover rumors on Cadbury Schweppes. Shares of the company are nearly 10% higher in early action Tuesday.

Nelson Peltz, a founding partner of Trian Fund Management LP, has in the past successfully fought to get elected to the Heinz (HNZ) board of directors, where he is pushing for changes. Peltz has also successfully pushed for changes at Wendy's (WEN) and CBRL Group (CBRL). Peltz is also the largest holder of Tiffany & Co. (TIF), with a 5.5% stake.

CSG 1-yr chart