GE Comments on Investment by Trian
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October 5, 2015 1:36 PM EDT
Deutsche Bank maintained a Hold rating on General Electric (NYSE: GE) with a price target of $28. Comments follow reports activist investor Nelson Peltz's Trian built a $2.5 billion stake in GE. Analyst John G. Inch called news a "red herring."
"Earlier today, the WSJ... More
October 5, 2015 6:14 AM EDT
General Electric (NYSE: GE) issued the following statement from GE Chairman and CEO Jeff Immelt regarding Trian Fund Management L.P.s $2.5 billion investment in GE stock, which makes Trian one of GEs largest shareholders:
We welcome Trians significant investment in the Company. GE maintains an open dialogue with our shareholders and enjoys productive, collaborative... More
October 5, 2015 6:11 AM EDT
Trian Fund Management, L.P. today disclosed that it has become a top ten shareholder of GE (NYSE: GE) with a beneficial ownership of 98.5 million GE shares currently valued at approximately $2.5 billion. GE is now Trians largest investment.
Trian Principals Nelson Peltz and Ed Garden have a longstanding relationship with GEs CEO Jeff Immelt. Since 2013, Trian has periodically engaged in informal dialogue with GEs management team. Over the past several months, Trian has conducted investment... More
