Rentokil Initial: Trian's Investment Adds To Growth Initiative (Rating Upgrade)
Rentokil(RTO) Seeking Alpha·2024-06-14 23:14
South_agency/E+ via Getty Images UK-based pest control services provider Rentokil Initial plc's (NYSE:RTO) stock has been going nowhere since the last I checked on it in November 2023. Until recently, that is. Its ADRs jumped by ~14% following news that activist investor Nelson Peltz of Trian Fund Management had bought a stake in the company. The stock is now up by 5% year-to-date [YTD] indicating that the investment has been the saving grace for it. Focus North America This is an interesting development no ...