Nelson Peltz’s Trian Fund Management has accumulated $2.5 billion in General Electric shares since May — a roughly 1 percent stake — making it one of the company’s top 10 shareholders, the Wall Street Journal reported.
In a white paper Trian plans to disclose publicly on Monday, the activist investor firm calls for GE to step up cost cuts, consider getting rid of even more of its finance arm and be more cautious on acquisitions, the newspaper reported.
Trian said GE could take on $20 billion in debt and repurchase shares, the newspaper said, citing the white paper.
