Sunday May 5, 2024 | Last Update: May 5, 2024 EDT
Trian Fund Management L.P., a firm led by activist investor Nelson Peltz, has disclosed in a press release that they have become one of the top ten shareholders of General Electric (GE) with a beneficial ownership of 98.5 million GE shares that are currently valued at approximately $2.5 billion. Trian believes in GE’s long-term potential that will generate attractive stockholder returns.
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Sysco Corporation has added Nelson Peltz, CEO and founding partner of Trian Fund Management LP, and Josh Frank, a partner in Trian, to the company’s board of directors, in a move that can help increase the company’s value, according to a press release issued by Sysco.
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