Nelson Peltz's Trian Fund takes $3.5 billion stake in Procter & Gamble: Sources

Trian takes stake in P&G
Trian takes stake in P&G

Nelson Peltz's Trian Fund Management has taken a stake in Procter & Gamble.

Sources told CNBC that the fund's current position is worth roughly $3.5 billion. Trian may speak with the company, but sources said that the fund has not yet done so.

Shares of the company gained more than 4 percent in after-hours trade Tuesday.

— Reporting by CNBC's David Faber. Written by Christine Wang.

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