Peltz releases Starbucks stock

Peltz releases Starbucks stock
Tags: Coffee / Specialty Beverages, Operations Management
August 14, 2008

Reuters: An investment arm controlled by activist investor Nelson Peltz has dissolved its stake in Starbucks Corp. Peltz's Trian Fund Management reported in May that it bought more than 800,000 shares of Starbucks. However, shares in the stock have lost about 40 percent of their value from a year ago.

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