General Electric, is nearing a decision on whether to grant a board seat to Nelsons Peltzs Trian Fund Management, a move that signal that the company is contemplating a more radical downsizing of the conglomerate than previously disclosed, FOX Business has learned.
The decision by GEs board of directors could be made in the coming weeks, and possibly before the end of the month, according to people with direct knowledge of the matter. Trian holds a .82% stake in GE, which is roughly $2 billion worth of stock making the activist investing firm among the firms biggest single shareholders, according to the latest public filing.
If the GE board agrees to give Trian a seat, it will likely be filled by Ed Garden, the funds chief investment offic…
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