December 22, 2016 / 11:51 AM / 10 months ago

BRIEF-Atairos to buy about 26 pct stake in Trinet from General Atlantic

Dec 22 (Reuters) - Trinet Group Inc

* Atairos to acquire ownership stake in Trinet from General Atlantic; Trinet welcomes new strategic investor and board member

* Trinet Group Inc says Michael Angelakis, chairman and chief executive officer of Atairos, will join Trinet’s board of directors

* Michael Angelakis, CEO of Atairos, will join Trinet’s board, increasing total number of Trinet directors to ten

* Trinet Group Inc- Atairos will buy about $440 million ownership stake in trinet by purchasing about 17.7 million shares of common stock for $25.00 per share

* Trinet Group Inc says Atairos group investment represents an approximately 26 percent ownership position in Trinet Source text for Eikon: Further company coverage:

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