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GE sells biopharma drug business to Danaher for $21.4B

General Electric Co said on Monday it would sell its biopharma business to Danaher Corp for $21.4 billion, as the U.S. industrial conglomerate sheds non-core businesses to focus on its industrial unit......»»

Category: topSource: moneycentralFeb 25th, 2019

GE sells biopharma drug business to Danaher for $21.4B

General Electric Co said on Monday it would sell its biopharma business to Danaher Corp for $21.4 billion, as the U.S. industrial conglomerate sheds non-core businesses to focus on its industrial unit......»»

Category: topSource: moneycentralFeb 25th, 2019

GE sells biopharma unit for $21 billion

General Electric is selling its biopharma business to Danaher Corp. for $21.4 billion as the industrial giant continues to shed pieces of itself......»»

Category: topSource: foxnewsFeb 25th, 2019

GE chief Culp sells biopharma business for $21.4 billion

Shares of General Electric Co surged 15 percent on Monday after the industrial conglomerate said it would sell its biopharma business to Danaher Corp for $21.4 billion, its first major asset sale under new Chief Executive Officer Larry Culp......»»

Category: topSource: reutersFeb 25th, 2019

GE confirms deal valued at $30 billion to combine GECAS with AerCap

Shares of General Electric Co. rallied 3.2% toward a three-year high in premarket trading Wednesday after the industrial conglomerate confirmed an agreement to combine its GE Capital Aviation Services (GECAS) air.....»»

Category: topSource: marketwatchMar 10th, 2021

: GE stock turns lower after confirming $30 billion AerCap deal, proposing reverse stock split

Shares of General Electric Co. dropped Wednesday, after the industrial conglomerate confirmed a $30 billion deal with AerCap Holdings NV, while also surprisingly proposing a 1-for-8 reverse stock split......»»

Category: topSource: marketwatchMar 10th, 2021

General Electric surges after earnings show strong cash flow and improving profitability

GE stock got a boost from the company's strong industrial free cash flow figures of $4.4 billion and improving profit margin in the fourth quar.....»»

Category: worldSource: nytJan 26th, 2021

Taiwan 2020 output for automotive electronics estimated at NT$280 billion

Taiwan-based makers of automotive electronic components and devices will generate NT$280 billion (US$9.72 billion) in output in 2020, according to Leu Jang-hwa, director general for Industrial Development Bureau......»»

Category: topSource: digitimesDec 17th, 2020

GE warns of more pain as pandemic deals $1B cash hit

General Electric said Wednesday the coronavirus pandemic dealt a $1 billion blow to cash flow at its industrial business in the first quarter, while total revenue fell almost 8% and the company warned the damage would worsen in the next three months......»»

Category: topSource: moneycentralApr 29th, 2020

GE warns of more pain as pandemic deals $1B cash hit

General Electric said Wednesday the coronavirus pandemic dealt a $1 billion blow to cash flow at its industrial business in the first quarter, while total revenue fell almost 8% and the company warned the damage would worsen in the next three months......»»

Category: topSource: moneycentralApr 29th, 2020

GM sells Lordstown plant to electric truck startup with local tie

General Motors has sold its shuttered Lordstown manufacturing plant to an electric truck startup headed by Steve Burns, the former CEO of Loveland-based Workhorse Group, Bloomberg reported Thursday. GM and Burns' new company, Lordstown Motors Corp.,.....»»

Category: topSource: bizjournalsNov 7th, 2019

GE to freeze pension plans for about 20,000 U.S. workers to cut debt

General Electric Co said on Monday it was freezing pension plans for about 20,000 U.S. employees with salaried benefits, as the industrial conglomerate makes another drastic move to cut debt and reduce its pension deficit by up to $8 billion......»»

Category: topSource: reutersOct 7th, 2019

GE closes Baker Hughes sale, reaps billions in proceeds

General Electric Co. closed its sale of interest in Houston-based Baker Hughes, a GE Company, on Sept. 16. The deal drew about $3 billion in net proceeds to Boston-based GE (NYSE: GE), the parent of GE Healthcare, after the underwriters fully exer.....»»

Category: topSource: bizjournalsSep 16th, 2019

GE"s transportation unit to merge with Wabtec in a deal valued at $11.1 billion

Shares of General Electric Co. surged 2.0% in premarket trade Monday, after the industrial conglomerate agreed to merge its GE Transportation unit with rail opera.....»»

Category: topSource: marketwatchMay 21st, 2018

GE sells transportation unit for $11 bln

General Electric confirmed it was unloading the bulk of its transportation business which makes train engines to Wabtec, a U.S. manufacturer of equipment for the rail industry, in a deal valued at about $11 billion. Aleksandra Michalska reports......»»

Category: videoSource: reutersMay 21st, 2018

GE Nears Deal to Sell Industrial-Engines Unit

General Electric is nearing a deal to sell a unit that makes large industrial engines to private-equity firm Advent International for $3 billion or more, people familiar with the matter said......»»

Category: smallbizSource: wsjJun 24th, 2018

GE nearing deal to sell industrial engines unit to Advent: WSJ

(Reuters) - General Electric Co is close to a deal to sell its industrial gas engines business to private equity firm Advent International for $3 billion or more, The Wall Street Journal reported on Sunday, citing people familiar with the matter......»»

Category: topSource: reutersJun 24th, 2018

GE reportedly near deal to sell industrial engines unit to Advent

General Electric Co (GE.N) is close to a deal to sell its industrial gas engines business to private equity firm Advent International for $3 billion or more, The Wall Street Journal reported on Sunday, citing people familiar with the matter......»»

Category: topSource: moneycentralJun 24th, 2018

General Electric Company (NYSE:GE) nearing deal to sell industrial engines unit to Advent

General Electric Company (NYSE:GE) nearing deal to sell industrial engines unit to Advent General Electric Co GE.N is close to a deal to sell its industrial gas engines business to private equity firm Advent International for $3 billion or more, Th.....»»

Category: topSource: livetradingnewsJun 25th, 2018

GE Agrees to Sell Industrial-Engines Unit

General Electric agreed to sell a unit that makes large industrial engines to private-equity firm Advent International for $3.25 billion, a move that would bring in needed cash for the struggling conglomerate......»»

Category: smallbizSource: wsjJun 25th, 2018