Trian behind push to breakup GE

|By:, SA News Editor

Nelson Peltz's Trian Fund Management, which has seen its investment in GE decline 30% since when he bought into the company in 2015, is pushing the conglomerate to explore possible sales or spinoff of many of its businesses, including those in health and power, sources told the New York Post.

Trian founding partner and GE director Ed Garden has been spending much time recently with GE Chief Executive John Flannery, and it's Trian that is behind GE's decision to explore such sales.

In other news, GE Transportaion disclosed contracts valued at over $900M to help develop Kazakhstan's railway infrastructure.

Previously: GE breakup announcement could come soon - CNBC (Jan. 16 2018)

Subscribe for full text news in your inbox