Rentokil(US:RTO) Investopediaยท2024-06-12 20:50Group 1 - Activist investor Nelson Peltz's Trian Partners has acquired a "significant stake" in Rentokil Initial, making it a top 10 shareholder [3][7] - The investment in Rentokil follows Peltz's unsuccessful proxy fight with Walt Disney, where he and former CFO Jay Rasulo were not elected to the board [7] - Rentokil's American depositary receipts (ADRs) experienced a significant increase of nearly 14%, reaching $30.66 in late trading after Peltz's investment announcement [7] Group 2 - Rentokil's ADRs had previously dropped to their lowest level since the pandemic due to a "soft consumer demand environment" in North America, but have since recovered slightly [7] - The company has expressed openness to input from all shareholders, although it does not comment on specific investors' positions [3][7]