There have been plenty of rumblings that the conglomerate is open to spinning off assets to right the ship.
As General Electric Company’s (NYSE:GE) stock price continues to lag in the midst of a boom time for the market as a whole, there has been plenty of speculation that the conglomerate is examining the possibility of breaking the band up to improve performance. A new report has emerged that suggests a sale of one major unit could happen before too long.
Reuters has the details on a potential deal that GE is exploring.
General Electric Co (GE.N) is exploring a sale of the electrical engineering business which it acquired for $3.2 billion in 2011, as the U.S. industrial conglomerate continues to shed unwanted assets, according to four people familiar with the matter.
John Flannery, who took over as GE’s chief executive last summer, indicated to analysts and investors…
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