Nelson Peltz's Trian Builds $2.5B Stake in General Electric (GE)
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General Electric's (GE) Activist Investor News Seen as 'Red Herring' at Deutsche Bank
October 5, 2015 1:36 PM EDTDeutsche 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
General Electric (GE) Issues Commentary on Trian Investment; Maintains Open Dialogue with All Shareholders
October 5, 2015 6:14 AM EDTGeneral 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
Nelson Peltz's Trian takes $2.5 billion stake in General Electric
October 5, 2015 3:28 AM EDTBy Lewis Krauskopf
(Reuters) - Activist investor Nelson Peltz's fund has bought a $2.5 billion stake in General Electric Co, adding fresh pressure on the U.S. conglomerate to pull off its plan to shift away from finance operations toward its industrial roots.
Shares of Dow industrials component GE rose 4.5 percent to $26.60 on Monday after Peltz's Trian Fund Management disclosed its roughly 1-percent stake, and said the stock could be worth $40 to $45 per share by the end of 2017.
Trian, which said its biggest-ever investment also makes it a top-10 GE shareholder, said it wanted GE to cut... More
