Trian first bought the stake in 2007
Trian Fund Management, headed by activist investor Nelson Peltz, has given up its stake in Tiffany & Co., according to its latest SEC filing.
It first bought a 5.5 percent stake in the company in 2007. It later raised that to 7.9 percent, then cut that two years later.
Trian Fund Management president Peter May still has a seat on the company’s board.
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