Nelson Peltz Pursues 5 Seats on Heinz Board
From Reuters
Billionaire investor Nelson Peltz stepped up his drive to squeeze more value out of his holdings by seeking five seats on the board of H.J. Heinz Co. a day after getting Wendy’s International Inc. to accept his choices.
The company said Peltz, who controls less than 5% of Heinz shares, notified it that he wanted five directors on the board of the ketchup maker, including himself and professional golfer Greg Norman.
Heinz shares rose 88 cents to $38.23.
