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Nelson Peltz's Trian takes board seat at pest control maker Rentokil

Sep 25, 2024, 9:25 AM EDT1 sourcesAI-analyzed

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Brian Baldwin joins Rentokil's board, enhancing governance. Trian holds a $400 million stake in Rentokil. Rentokil's shares rose 2.7% following Baldwin's appointment. The company faces integration challenges post-$7 billion Terminix acquisition. Rentokil's stock is down 10% year-to-date due to profit warnings.

  • Brian Baldwin joins Rentokil's board, enhancing governance.
  • Trian holds a $400 million stake in Rentokil.
  • Rentokil's shares rose 2.7% following Baldwin's appointment.
  • The company faces integration challenges post-$7 billion Terminix acquisition.
  • Rentokil's stock is down 10% year-to-date due to profit warnings.

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