Advent takes over GE distributed power unit for $3.25 billion

NEW YORK/FRANKFURT (Reuters) – U.S. buyout group Advent agreed to buy General Electric Co’s distributed power unit for $3.25 billion, the companies said on Monday, marking GE’s exit from a growing segment of the power business.

…read more

Get our FREE Newsletter! Discover Stocks with +1,000% Upside Potential!
Join over 100,000 investors and business leaders worldwide. Discover the Next Super Stock before the rest of the crowd.
Your privacy is our priority. Your email address will never be sold or shared with anyone else.

Source:: Reuters – Business News