Peltz holding in Cheesecake less than expected

NEW YORK Nelson Peltz and his funds collectively hold a 5 percent stake in The Cheesecake Factory Inc., according to filings made Wednesday with the Securities and Exchange Commission. The holding is about half of what the activist investor and his affiliated funds were reported to be seeking in the casual-dining chain.

Late last year, reports circulated that Peltz had intended to buy as much 10 to 14 percent of the Cheesecake Factory's outstanding shares throug

Register to view the full article

Register to view this article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish