GE to Divest Industrial Solutions, Water to Raise $4 Billion for M&A, Buybacks

摘要

As part of a move to improve profitability and raise cash for mergers, acquisitions and buybacks, Jeffrey Immelt, chairman of General Electric Co. (GE), Boston, MA, told investors and analysts in a presentation yesterday that the company will add its Industrial Solutions business to the operations slated for divestiture.