Activist Trian Fund Management Takes Stake in Comcast – USA DAILY NEWS

Activist Trian Fund Management Takes Stake in Comcast

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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.

Executives…