GE is apparently mulling hybrid deals and mergers with smaller companies so that shareholders are awarded ownership in various public-listed firms.
The transportation unit, which makes equipment for marine, railroad and mining industries, is valued at around $7 billion, though it has not seen much growth in the past few years. In 2017, the unit generated revenue of approximately $4.18 billion.
The 125-year-old company had earlier in February noted that it is on a path to shed assets worth $4 billion. This was followed by an announcement that it would sell an IT unit belonging to its healthcare arm to private equity firm Veritas Capital for $1.05 billion in cash.
GE is apparently mulling hybrid deals and mergers with smaller companies so that shareholders are awarded ownership in various public-listed firms.
Restated results
General Electric had earlier stated that it would publish restated results for the years 2016 and 2017 to reflect new accounting standard. This is expected to be out by Friday. Also, the conglomerate’s first quarter earnings is scheduled to be published on April 20.
GE stocks are down over 25% year-to-date.