Trian takes $3.5 billion stake in Procter & Gamble

Trian Fund Management LP on Tuesday disclosed that it bought a $3.5 billion stake in Procter & Gamble Co, making it the second activist shareholder to take aim at the consumer products giant in the last five years.

Trian Fund Management LP on Tuesday disclosed that it bought a $3.5 billion stake in Procter & Gamble Co, making it the second activist shareholder to take aim at the consumer products giant in the last five years.