General Electric Related Content

GE Capital Passes $100B Threshold of Transactions Closed

GE said it has completed more than $100 billion in previously announced portfolio and business unit sales as part of its strategy to significantly reduce the size of GE Capital and apply for de-designation as a SIFI. read more

Electrolux Agrees to Pay $175MM Break-Up Fee to GE

Electrolux said in accordance with the terms of the transaction agreement, it will pay the termination fee of $175 million to General Electric. read more

GE Terminates Electrolux Deal; ‘Entitled’ to $175MM Break-up Fee

General Electric said it has terminated its agreement to sell its appliances business to Electrolux. GE noted it is entitled to a break-up fee of $175 million from Electrolux. read more

GE Names Waterbury General Counsel for GE Capital

GE appointed four new company officers, effective December 1, including the selection of Jim Waterbury as vice president, M&A counsel for GE and general counsel for GE Capital. read more

GE Announces Final Exchange Ratio of 1.0505 for Synchrony Exchange Offer

GE announced a final exchange ratio of 1.0505 in connection with its previously announced offer to exchange GE common stock for common stock of Synchrony Financial presently owned by GE. read more

GE, Alstom Win $5.6MM Contracts from India’s State-Owned Railway

According to Bloomberg, GE and Alstom secured contracts worth $5.6 billion to build trains for India’s state-owned railway. read more

Reuters: Three Buyout Funds Said to be Vying for GE’s French Banking Arm

Reuters reported that three buyout funds are vying to buy General Electric’s banking unit in France which has approximately $6.6 billion worth of assets. read more

Bloomberg: GE Sets Date for Close on $9.3B Alstom Purchase  

Bloomberg reported that General Electric will close the $9.3 billion acquisition of Alstom’s energy operations next week, setting November 2 as the target date. read more

GE to Acquire Subsea Intervention Equipment Supplier Advantec

GE Oil & Gas has agreed to acquire Advantec, a provider of subsea intervention equipment and services. The two companies are targeting to complete the transaction by year-end 2015. read more

GE Sells Treasury Building for $17MM

According to the Stamford Advocate, GE confirmed the $17 million sale of building in Stamford, CT that housed GE’s treasury department. read more

GE Begins Exchange Offer to Complete Separation of Synchrony Financial

GE commenced an offer to exchange GE common stock for common stock of Synchrony Financial presently owned by GE. This exchange offer is in connection with the previously announced separation of Synchrony from GE. read more

GE Reports $126B of Signed Dispositions, Will Close $100B by YE

GE noted in its recent Q3/15 earnings report that it signed $126 billion of dispositions, ahead of plan and on track for goal of closing about $100 billion by year-end. read more

GE Gets Fed Approval for Synchrony to Become Standalone S&L

GE said Synchrony Financial has received approval from the Fed to become a standalone savings and loan holding company and to retain control of Synchrony Bank, following completion of GE’s proposed exchange offer. read more

GE Aims to Increase Energy Efficiency with New Startup

GE announced Current, a new energy startup that will integrate GE’s LED, Solar, Energy Storage and Electric Vehicle businesses with its industrial strength Predix platform to provide efficient energy solution. read more

Trian Fund Management Becomes Top 10 GE Shareholder

Trian Fund Management disclosed that it has become a top ten shareholder of GE with a beneficial ownership of 98.5 million GE shares currently valued at approximately $2.5 billion. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.