As reported this morning by CNBC: GE is near a sale of its industrial engine unit to private equity firm Advent International, according to the Wall Street Journal. A sale worth $3 billion or more could be announced as soon as today, according to the paper, with Advent beating out Cummins for that business.
We are selling the plans begin to show out. The CEO said last year that they would be exciting around $20 billion of businesses. I am liking it. A long slow turnaround but it is getting there......slowly.
What are you doing, are you buying GE this low?
Submitted June 25, 2018 at 08:23AM by sisumoney https://ift.tt/2Io84VC
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