Activist Peltz Adds $340M DuPont Stake Amid Spinoff Talk

Law360, New York (August 15, 2013, 1:47 PM EDT) -- Activist investor Nelson Peltz revealed late on Wednesday that he spent nearly $340 million to add a 0.6 percent stake in DuPont Co., the chemicals and industrial materials giant that is exploring options for one of a prized multibillion-dollar unit.

The securities filing showed Peltz made the investment through his New York-based hedge fund, Trian Fund Management LP. Market chatter kicked up late last month that Peltz had taken a position in the company, but until Wednesday he had stayed mum about the size of his...
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