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Peltz's Trian Buys $2.5 Billion Stake in GE Amid Overhaul

2015-10-05 17:39:42| Appliances - Topix.net

The investment is now Trian's largest, the firm said in a statement Monday. In a separate statement, GE said it welcomes the move.

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Nelson Peltz's Trian Fund takes $2.5-billion stake in GE

2015-10-05 12:46:29| Beverages - Topix.net

Nelson Peltz's Trian Fund Management said it has bought $2.5-billion in General Electric shares since May, making it one of the company's top 10 shareholders. With a beneficial ownership of 98.5 million GE shares, the company is now Trian's largest investment, the activist investor firm said in a statement on Monday.

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Telenor to sell VimpelCom stake; Q3 impairment NOK 7.5 bln

2015-10-05 11:45:00| Telecompaper Headlines

(Telecompaper) Telenor Group said it is to divest its entire 33 percent stake in VimpelCom and fully focus on creating value in its core operations. Svein Aaser, chairman of Telenor's board of directors said its minority stake and lack of ability to fully control Vimpelcom had been challenging. As a result of today's announcement, Telenor will not convert its VimpelCom preference shares into common shares.

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UPDATE 2-Norway's Telenor puts $2.3 bln Vimpelcom stake up for sale

2015-10-05 10:48:17| IT Services - Topix.net

Norwegian telecoms firm Telenor wants to sell its 33-percent stake in Vimpelcom , currently valued at $2.3 billion, the latest move by a Nordic telecoms firm to sever ties with a business facing a bribery investigation. Last month Swedish telecoms company TeliaSonera said it would leave seven nations in Asia and eastern Europe after years of probes into alleged corruption linked to local partners and problems accessing cash.

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Nelson Peltz's Trian Fund takes US$2.5 billion stake in GE: WSJ

2015-10-05 10:02:37| Food - Topix.net

Nelson Peltz's Trian Fund Management has accumulated US$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. Nelson Peltz, one of the principles of the Trian Group, addresses the audience at the H.J. Heinz Co.

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