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Activist Trian Fund Management Takes Stake in Comcast

Stock Market Quotes and News

Activist investor Trian Fund Management LP has taken a stake in Comcast Corp. in a bet that the cable giant's shares are undervalued. Trian has accumulated about 20 million shares in Philadelphia-based Comcast, for a roughly $870 million stake or about 0.4% of the company, a person familiar with the matter said. Comcast's market value stood at just under $200 billion Monday afternoon...

Mentions: Management Procter & Gamble Trian Fund