Nelson Peltz' Trian Raises Stake in Cadbury Schweppes (CSG)

Shares of Cadbury Schweppes (NYSE: CSG) are slightly higher today after the company confirmed that Nelson Peltz' Trian raised their stake in the company from 3.47% to approximately 4.5%.

Cadbury Schweppes said it is their understanding that the instrument through which the increased interest is held is not reportable and it has not received formal notification of the increase in writing.

Because Peltz owns less than 5% of the shares, a 13D is not required to be filed with US regulators related to the ADR.

Following Peltz' involvement in the stock back in March, Cadbury Schweppes announced plans to separate its confectionery and Americas Beverages businesses. After trying to unsuccessfully sell the Americas Beverages unit, due to the credit market freeze-up, Cadbury Schweppes is now spinning-off the business.

Peltz Makes Quick Work of Cadbury Schweppes (CSG)

Nelson Peltz activist target, Cadbury Schweppes (NYSE: CSG), announced today they intend to separate its confectionery and Americas Beverages businesses. Many now expect the Americas Beverages, which includes Dr Pepper and 7Up, to be sold.

On Tuesday, Cadbury Schweppes noted that Peltz and his affiliates amassed a nearly 3% stake in the company.

Wow - that was fast!

Peltz Stake Boosts Cadbury Schweppes (CSG) Shares

Cadbury Schweppes (NYSE: 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 (NYSE: HNZ) board of directors, where he is pushing for changes. Peltz has also successfully pushed for changes at Wendy's (NYSE: WEN) and CBRL Group (Nasdaq: CBRL). Peltz is also the largest holder of Tiffany & Co. (NYSE: TIF), with a 5.5% stake.