Trian Fund Management said on Friday that it sold stakes in three of its biggest holdings, including Procter & Gamble Company , in the second ...
Trian Fund Management said on Friday that it sold stakes in three of its biggest holdings, including Procter & Gamble Company , in the second quarter for portfolio management reasons and to free up cash to make new investments.
The firm held 10.8 million shares in P&G at the end of the second quarter, down 65per cent from the 31 million shares it owned at the end of the first quarter, according to a regulatory filing.Trian made the sales in April and May and made them public at the time, assuring investors that it still supports the company's management and will continue to sit on its board.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Activist investor Starboard slashes eBay holding in second quarter, filing showsStarboard Value said on Friday that it sold nearly three quarters of its stake in eBay Inc during the second quarter when the activist investment ...
Read more »
Forecasters lift US third-quarter outlook, but cut fourth quarter and beyond: Philly FedThe U.S. economy will expand at a much faster rate in the current quarter than previously expected, but the outlook looks weaker for growth and ...
Read more »
Hyflux group of bank lenders files judicial management applicationHYFLUX on Thursday announced that the unsecured working group (UWG) of bank lenders has filed its application for a judicial management order. Read more at The Business Times.
Read more »
Hyflux group of bank lenders files to put firm under judicial managementSINGAPORE (THE BUSINESS TIMES) - Hyflux on Thursday (Aug 13) announced that the unsecured working group (UWG) of bank lenders has filed its application for a judicial management order.. Read more at straitstimes.com.
Read more »
SIA Engineering senior management takes further pay cutsTHE senior management of SIA Engineering Company (SIAEC) has decided to take a further 5 per cent cut to its salaries, accruing with effect from Aug 1, 2020. Read more at The Business Times.
Read more »
Trump says he is holding up coronavirus aid to block Democrats' bid for election fundingWASHINGTON (REUTERS) - Funding for the US Postal Service and to shore up election infrastructure is the main sticking point in talks between the White House and top congressional Democrats over a fresh round of coronavirus relief, President Donald Trump said on Thursday (Aug 13).. Read more at straitstimes.com.
Read more »