Nelson Peltz's Trian amasses top 10 stake in British pest-control firm Rentokil, Bloomberg News reports
June 11 (Reuters) -Nelson Peltz's Trian Fund Management has amassed a significant stake in British pest-control firm Rentokil Initial RTO.L, Bloomberg News reported on Tuesday, citing people familiar with the matter.
The activist investor is now among the top 10 shareholders in Rentokil, which was reached out to discuss strategies, the report added.
Trian Fund Management and Rentokil Initial did not immediately respond to Reuters requests for comment on the report.
The fund management ended its boardroom battle with media giant Walt Disney DIS.N by dissolving its entire stake and it also cut its stake in London-listed plumbing equipment Ferguson FERG.L.
Rentokil agreed to buy Terminix in 2021, helping the British company build scale and create a global pest control services giant for both offices and homes.
Reporting by Urvi Dugar in Bengaluru; Editing by Alan Barona
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