advertisement

Trian becomes a top GE investor

NEW YORK (AP) - Trian Fund Management is now one of General Electric's biggest shareholders following the activist investor's largest investment, about $2.5 billion, as it positions itself to play a role in the transformation of the industrial conglomerate.

Trian acquired 98.5 million shares, or about 1 percent of the Fairfield, Connecticut, company. Trian says its executives, Nelson Peltz and Ed Garden, have a longstanding relationship with GE CEO Jeff Immelt.

Immelt says GE is looking forward to constructive dialogue with Trian as it moves ahead with its transformation.

Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.