General Electric Company (GE) Exploring Possible Sale Of Electrical Engineering Division


Penney Vanderbilt and KC Jones: All About Railroads

StockNews

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:GEstock 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…

View original post 144 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s