GE may be next activist target, Gasparino says

|By:, SA News Editor

GE could be the next target of activist investors, which is one reason CEO Jeffrey Immelt invited Nelson Peltz to speak with his senior management team a few months ago, according to Fox's Charlie Gasparino.

GE confirms a meeting discussing broad market events took place last August, but insiders reportedly say Peltz discussed shareholder activism and specifically what a shareholder activist might want out of GE management, including where the company can cut staff and what pieces could be sold off to spark the stock price.

Gasparino says it’s unclear how worried GE management is over being a target of activists; GE recently announced plans to spin off its credit card unit, it raised its dividend last year and has been buying back shares, all moves intended to appease investors.