Nelson Peltz’s Trian Become One of Top GE Investors, Buying $2.5 Billion Stake
Nelson Peltz’s Trian Fund Management, has become a top ten shareholder of General Electric Co (GE) with a beneficial ownership of 98.5 million shares currently valued at approximately $2.5 billion. More...
KKR, Apollo Pursue GE’s $11 Billion Inventory Finance Arm
Buyout firms said to have bid two weeks ago for lender Unit is among four said to have been considered for group sale KKR & Co. and Apollo Global Management are seeking to acquire General Electric More...
Blackstone, Ares Front-runners for GE’s PE Lending Business
Private equity giants like Blackstone, Apollo, Ares management and KKR were reported to be in the foray for General Electric’s private equity lending business by Bloomberg last month, as GE unveils More...
GE CEO Jeff Immelt Not Giving his Job to Jeff Bornstein
GE’s investor relations executives denied that CEO Jeff Immelt will leave the company and be replaced by CFO Jeff Bornstein, as suggested by a Barclay’s analyst, according to TheStreet.com. Barclay’s More...
Jimmy Tisch Buys Hamptons Home Used in Nicholson & Keaton Movie for $41 Million
The Hamptons mansion which was used as a location for the 2003 Jack Nicholson Diane Keaton Movie Something’s Gotta Give has sold for $41 million to Loews CEO Jimmy Tisch. Only the exteriors of the house and More...