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Health & Economic Impact

Nelson Peltz’s Trian amasses stake in pest control giant Rentokil

Nelson Peltz’s Trian Partners has amassed a significant stake in Terminix parent Rentokil and is seeking to engage with leadership on “ideas and initiatives to improve shareholder value,” a spokesperson told CNBC Tuesday.

Shares of the pest-control giant surged around 8% after hours on the news. It had a market capitalization of $13.3 billion at Tuesday’s close, prior to the spike.

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