Peltz increases stake in Cadbury

by Staff
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LONDON — Activist shareholder Nelson Peltz has increased his take in Cadbury Schweppes to 3.47%, which is 72,965,267 shares.

In March, Peltz bought a 2.98% stake in Cadbury, and Cadbury announced plans for a spin off of its U.S. beverage unit shortly after he bought his original stake in March.

Mr. Peltz is known for buying stake in companies with a goal of forcing changes. He recently bought a 3% stake in Kraft Foods Inc. and is going to reportedly force the company to sell off the Post cereals and Maxwell House coffee businesses.

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