Wall St. bets Peltz will sweeten Starbucks’ value

NEW YORK Starbucks Corp.’s share price climbed on Friday as Wall Street welcomed news that Nelson Peltz and his related investment funds under Trian Partners had amassed a small stake in the ailing coffee giant.

The activist investor also upped his stake in The Cheesecake Factory Inc. to about 4.8 percent of the casual-dining company's 67 million total shares outstanding, according to filings with federal regulators.

Peltz and his affiliates said in

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