Complex sentence: In 1985, Nelson Peltz's New York-based Triangle Industries bought the National Can Company for $460 million and in 1986 it acquired Gerald Tsai's American Can Company for $570 million.
Split into simpler sentences: In 1985, Nelson Peltz's New York-based Triangle Industries bought the National Can Company for $460 million. In 1986, it acquired Gerald Tsai's American Can Company for $570 million.