Trian disburses Heinz shares; ownership drops to 4.9%

By Lisa Kerner

Charlotte, N.C., March 3 - Nelson Peltz's Trian Fund Management, LP and its affiliates dropped their ownership interest in H.J. Heinz Co. to 4.9% following the disbursement of more than 3.2 million shares of Heinz stock to certain investors in Trian's parent entities.

Following the disbursement on Feb. 29, the investors beneficially own approximately 15.46 million, or 4.9%, of the Pittsburgh-based food company.

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