TITLE

GE Sells Its Advanced Materials Business to Apollo Management, L.P

PUB. DATE
September 2006
SOURCE
China Chemical Reporter;9/26/2006, Vol. 17 Issue 27, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the definitive agreement signed by General Electric Co. to sell its GE Advanced Materials to Apollo Management LP, a private investment firm in a deal valued at approximately $3.8 billion in cash and securities. Upon completion of the transaction, GE will receive a 10 percent ownership stake in the new company and hold $400 million of notes.
ACCESSION #
22498610

 

Related Articles

  • The Rise of APOLLO. Young, Susan J. // Travel Agent;1/21/2008, Vol. 332 Issue 2, p68 

    The article reports on the growth of Apollo Management LP, a multibillion-dollar private equity firm in the U.S. It relates that the firm boast the third largest portfolio of cruise brands in the world due to three major transactions in 2007 including its partnership with Oceania Cruise,...

  • Claire's goes private.  // Shopping Centers Today;May2007, Vol. 28 Issue 5, Special section p146 

    The article reports on the acquisition of Claire's Stores Inc. by Apollo Management, a New York-based private equity firm, for $3.1 billion. The 70 percent of the sales of the store come at its 3,000 North American stores. The buyout is expected to help with the overseas expansion of the chain...

  • Apollo Lazard Team Up For European PE Buys.  // Investment Dealers' Digest;8/18/2008, Vol. 74 Issue 33, p11 

    The article reports that Apollo Management and Lazard Ltd. have partnered to pursue private equity investments in Europe. Under the deal, Apollo Management will benefit from strong international investment banking franchise of Lazard. It is noted that the two companies will maintain their...

  • AMC to reduce debt via proceeds of stock sale. Goldsmith, Jill // Daily Variety;04/23/2001, Vol. 271 Issue 38, p6 

    Reports the deal between AMC Entertainment and the Apollo Management in the United States. AMC stocks purchased by the Apollo Management; Comments on the corporate initiative; Remarks of Apollo founder Leon Black on the AMC investment.

  • No More Sacred Cows. Wood, Andrew // Chemical Week;9/27/2006, Vol. 168 Issue 32, p5 

    The article comments on the plan of General Electric (GE) to sell its silicones and quartz business to private equity firm Apollo Management. The issue here is the fact that GE is prepared to sell silicones, a business that remains among the more profitable chemical industry sectors. The deal...

  • GE to Sell Silicones and Quartz Unit to Apollo Management. Westervelt, Robert; Walsh, Kerri // Chemical Week;9/20/2006, Vol. 168 Issue 31, p12 

    The article reports that General Electric (GE) has agreed to sell its silicone and quartz business to private equity firm Apollo Management. GE claims it expects to close the deal by the end of 2006, subject to regulatory approvals. GE will retain a 10% ownership stake in the business, and hold...

  • GE offloads Advanced Materials division.  // R&D Magazine;Oct2006, Vol. 48 Issue 10, p16 

    The article deals with the decision of General Electric (GE) to sell its Advanced Materials division to Apollo Management LP, a private investment firm, as part of its restructuring plan. Upon completion of the transaction, GE will receive a 10% ownership stake in the new company. GE Advanced...

  • Apollo-bound. Zimmerman, Susan // Rubber & Plastics News;11/13/2006, Vol. 36 Issue 8, p4 

    The article presents information about the proposed sale by General Electric Co. of its GE Advanced Materials unit to New York City-based private investment firm Apollo Management LP. The sale of the Wilton, Connecticut-based unit is expected to be finalized by the end of 2006. The deal has been...

  • PU additive unit sold again.  // Urethanes Technology;Oct/Nov2006, Vol. 23 Issue 5, p12 

    The article reports on the sale of General Electric's GE Advanced Materials business to Apollo Management LP for a disclosed sum. The deal includes the company's urethane additives business, made up of silicone surfactants, tertiary amine catalysts and non-silicone process additives. GE will...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics