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General Electric sold by Trian Fund Mgmt: $95.66m-July 31-Aug 1
General Electric Company is a diversified group organized around 5 areas of activity:
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manufacturing of energy production equipment (35.1% of net sales): oil and gas equipment, turnkey plants, gas turbines, wind turbines, etc. ;
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manufacturing of aircraft engines and avionics systems (33.7%);
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manufacturing of medical imaging systems (21%);
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financial services (8.2%): factoring, leasing credit, automobile fleet management, industrial equipment financing, etc.;
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other (2%).
Net sales are distributed geographically as follows: the United States (41.4%), America (6.6%), Europe (20%), Asia (16.8%), Middle East and Africa (1.5%).Number of employees : 205 000 people.
https://www.marketscreener.com/GENERAL-ELECTRIC-COMPANY-4823/company/
Trian Fund Mgmt
Nelson Peltz has been Chief Executive Officer and a Founding Partner of Trian since November 2005. Mr. Peltz serves as the non-executive Chairman of The Wendy’s Company. Mr. Peltz is also a director of The Procter & Gamble Company, Sysco Corporation, Legg Mason, Inc. and Madison Square Garden Sports Corp. (f/k/a The Madison Square Garden Company.)
He previously served as a director of H. J. Heinz Company from September 2006 to June 2013, Legg Mason, Inc. from October 2009 to December 2014, Ingersoll-Rand plc from August 2012 to June 2014, MSG Networks Inc. from December 2014 to September 2015 and Mondelēz International, Inc. from January 2014 to March 2018. Mr. Peltz was recognized by The National Association of Corporate Directors in 2010, 2011 and 2012 as among the most influential people in the global corporate governance arena. From April 1993 through June 2007, Mr. Peltz served as Chairman and Chief Executive Officer of Triarc Companies, Inc. which during that period of time owned Arby’s Restaurant Group, Inc. and the Snapple Beverage Group, as well as other consumer and industrial businesses.
Mr. Peltz was Chairman and Chief Executive Officer and a director of Triangle Industries, Inc. from 1983 until December 1988, the largest packaging company in the world and a Fortune 100 industrial company, when that company was acquired by Pechiney, S.A., a leading international metals and packaging company. Mr. Peltz began his business career in 1963 when he joined his family food business. Mr. Peltz is Honorary Co-Chairman of the Board of Trustees and Chairman of the Board of Governors of the Simon Wiesenthal Center. In addition, he is a member of the Board of Overseers of the Weill Cornell Medical College and Graduate School of Medical Sciences, a member and trustee of NewYork-Presbyterian Hospital, a member and governor of NewYork-Presbyterian Foundation, Inc., a member of the Board of Overseers of The Milken Institute, a member of the Honorary Board of Directors of the Prostate Cancer Foundation (formerly known as CaP CURE), a member of the Intrepid Advisory Council, a former member of the Board of Trustees of the Intrepid Museum Foundation, and a member of the Board of Directors of the Avon Old Farms School.
https://trianpartners.com/people/nelson-peltz/
https://www.finviz.com/insidertrading.ashx?oc=1257864&tc=7&b=2