Reading Eagle – When Nelson Peltz puts his money at risk in a company, he expects to shake things up.<\/p>\n
That was the case in his junk-bond fueled takeover of National Can Co. in 1985, his celebrated turnaround of soft-drink maker Snapple in the late ’90s and more recent forays involving brands such as Cracker Barrel, Wendy’s and Heinz.<\/p>\n
Just the news last week that Peltz’s hedge fund, Trian Group, had built up a 1.2 percent stake in Tribune Co. in recent months was enough to make the media conglomerate’s stock jump nearly 5 percent in a day.<\/p>\n
Wall Street speculated that the 64-year-old billionaire would increase the pressure already being applied by a dissident shareholder group that has called on Tribune management to sell assets, spin off its broadcast division or sell the company.<\/p>\n
Investors in Peltz’s fund expect him and his team to be anything but passive investors, Peltz said.<\/p>\n