Nelson Peltz's Trian Builds $2.5B Stake in General Electric (GE)
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GE Comments on Investment by Trian
October 5, 2015 6:04 AM EDTFAIRFIELD, Conn.--(BUSINESS WIRE)-- GE [NYSE:GE] today 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 relationships with them. I have known Trian Principals Nelson Peltz and Ed Garden for many years. Trian has a strong track record of working with companies to build long-term shareholder value, and has been an... More
Trian Discloses $2.5 Billion Stake In GE
October 5, 2015 6:00 AM EDTNEW YORK--(BUSINESS WIRE)-- 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 due diligence, including on-site visits and meetings with leaders of... More
