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

September 2006
China Chemical Reporter;9/26/2006, Vol. 17 Issue 27, p6
Trade Publication
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.


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