In terms of real value for shareholders, it is hard to see GE getting a good price for the business while it is struggling in such a tough market – squeezed by weak demand and high raw materials costs. What is more, private equity, a likely source of enthusiastic competition for such an asset a year ago, now looks out of contention.
Thursday, May 15, 2008
G.E.
FT.com: General Electric to sell appliances business
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