General Electric reportedly looking at spinoff or public offering for its $7 billion transportation business


Penney Vanderbilt and KC Jones: All About Railroads

CNBC

GE's CEO: We're in a 'show me' mode right now

GE’s CEO: We’re in a ‘show me’ mode right now  

General Electric is considering spinning off or a public offering of its GE Transportation business, according to a Wall Street Journal reportThursday citing people familiar with the situation.

The embattled industrial conglomerate has been examining different ways to offload the division over the last six months, the report said. Valued at about $7 billion, GE Transportation could become a model for how the company will trim its management load without directly selling assets, the Journal reported.

CEO John Flannery promised shareholders in October that the company would sell $20 billion in assets as a part of its ongoing restructuring. The conglomerate most recently announced plans for private equity firm Veritas Capital to acquire a GE health-care unit for $1.05 billion in cash.

Speaking Wednesday at CNBC’s Net/Net event, Flannery said he is focused on restructuring GE around three…

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