Nelson Peltz Continues Activist Campaign, Acquiring 4% of IHG

Nelson Peltz has been buying agressively in recent times, and that run has continued today as the maven took a 4.27% stake in Intercontinental Hotels Group Plc (LON:IHG). Trian Fund Management, Peltz' investment vehicle. disclosed the stake today to the appreciation of the market. Intercontinental's share price rose more than 6% in trading today on news of the stake.

This is not the first aggressive European move Peltz has made this month. The investor bought a 7.3% stake in Ingersoll-Rand plc (NYSE:IR) earlier this month. The Ireland based company offers Climate solutions residential and industrially. Peltz saw...