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THE WALL STREET JOURNAL News Alert

Activist Shareholder Nelson Peltz Makes Big Bet on GE

General Electric has drawn a big investment from activist shareholder Nelson Peltz, adding urgency to the industrial conglomerate's effort to revive its long-depressed stock price.

Mr. Peltz's Trian Fund Management said it has accumulated $2.5 billion in GE shares since the middle of May, a roughly 1% stake, making it one of the company's top 10 shareholders. It amounts to the biggest investment ever for the firm, which has a history of pushing well-known companies to dramatically reshape themselves.

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