The board of Trian Investors 1 says it has distributed all its Unilever shares to its partners, just a month after its bullish outlook for the stock.
In a London Stock Exchange notice published today (17 February), the board said it had completed the transaction yesterday with further details due shortly. The board said it anticipated a "partial share redemption, the consideration for which will be satisfied by the in specie distribution of the Unilever shares which it received from the investment partnership to shareholders as soon as practicable". Trian Investors 1 announces details of Ferguson distribution Once this is completed, the board will put proposals to shareholders to liquidate the trust. The board decided to shut...
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