Nelson Peltz's activist investment firm Trian Fund has disclosed a new stake in Allegion (ALLE) via a 13G filed with the SEC. Per the filing, Trian now owns 5.9% of the company with over 5.7 million shares.
Allegion is a spinoff of securities businesses from Ingersoll-Rand (IR) and shares started trading at the beginning of December. Shareholders of IR stock received 1 ALLE share per every 3 IR shares owned.
As of November, Trian owned also over 18.7 million shares of IR.
For more on this investor, head to Nelson Peltz's presentation at Invest For Kids Chicago.
Friday, December 13, 2013
Trian Discloses Allegion Stake, Spin Off From Ingersoll-Rand
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