WSJ: GE Capital Bidders Said to Sign ‘Nonhire’ Clause



The Wall Street Journal reported GE has decided to keep its employees locked up by asking bidders for the GE Anatares business to sign a “nonhire” clause.

The Journal said any bidder won’t be able to hire GE’s bankers for 12 months, or as long as they work for the company.

According to the Journal, GE’s agreement with bidders includes a more-standard non-solicitation clause, where bidders agree not to go after the employees of the selling company.

To view the full WSJ report, click here.

To view a related report from Fortune, click here.


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Terry Mulreany
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