Trian becomes a top GE investor

AP News
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Posted: Oct 05, 2015 6:40 AM

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.