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$10 0.0  0.0%

Last Trade - 06/05/21

Sector
Financials
Size
Mid Cap
Market Cap £494.5m
Enterprise Value £493.4m
Revenue £n/a
Position in Universe 3216th / 6849

BREAKINGVIEWS-Nelson Peltz prods Comcast into a defining moment

Tue 22nd September, 2020 7:02pm
(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Jennifer Saba NEW YORK, Sept 22 (Reuters Breakingviews) - The activist’s hedge fund has taken less than 1% of the $204 bln entertainment firm. The small stake plus boss Brian Roberts’ big voting interest give the corporate cage rattler tough odds. Still Comcast, with its mix of pipes and content, leaves room for valuation improvement. Full view will be published shortly. On Twitter https://twitter.com/jennifersaba CONTEXT NEWS - Trian Fund Management has taken a stake in Comcast, according to a regulatory filing on Sept. 21. The activist investor has accumulated about 20 million shares, or about a 0.4% stake. - “Trian believes Comcast’s stock is undervalued,” a Trian spokesperson said in a statement. “We have recently begun what we believe are constructive discussions with Comcast’s management team and look forward to continuing those discussions.” - The $204 billion cable company and owner of NBC Universal is controlled by the Roberts family, which holds a 33% voting interest. - For previous columns by the author, Reuters customers can click on SABA/ - SIGN UP FOR BREAKINGVIEWS EMAIL ALERTS http://bit.ly/BVsubscribe <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Activist investor Trian Fund Management takes stake in Comcast urn:newsml:reuters.com:*:nL3N2GI2YC SEC filing https://www.sec.gov/Archives/edgar/data/1345471/000134547120000044/xslForm13F_X01/primary_doc.xml BREAKINGVIEWS-Nelson Peltz plays important second fiddle at P&G urn:newsml:reuters.com:*:nL1N29S0GQ ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Editing by Lauren Silva Laughlin and Amanda Gomez) ((jennifer.saba@thomsonreuters.com; Reuters Messaging: jennifer.saba.thomsonreuters.com@reuters.net))
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