GE Confirms Appliances Soon To Be History (GE)

May 16, 2008 by Douglas A. McIntyre

General Electric Co. (NYSE: GE) has confirmed that it is reviewing strategic options for its Appliances business operations.  Three possibilities were noted for the unit:

  • a strategic partnership or joint venture;
  • spin off;
  • or the sale of the business.

GE’s Chairman & CEO Jeff Immelt said that it has exited slower growth and more volatile businesses and generated $52 billion in gross proceeds from those dispositions.

Well, when you have Ecomagination, GE Oil, jet engines and services, medical tech, key finance operations, and more, maybe kicking out the appliances operations will let the company get closer to that old target of 20% return on capital.

You can join our open email distribution list to hear about special financings, M&A, IPO’s, secondary offerings, and other special situations.

Jon C. Ogg
May 16, 2008

Essential Tips for Investing: Sponsored

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.