TITLE

GE Rumored To Divest Security Unit

AUTHOR(S)
Davis, Avram
PUB. DATE
August 2009
SOURCE
Mergers & Acquisitions Report;8/31/2009, Vol. 22 Issue 35, p26
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on rumors that General Electric Company (GE) is seeking a buyer for GE Security Inc., its security systems manufacturing unit based in Austin, Texas. The business unit is valued at around 2 billion U.S. dollars. Some of the potential buyers of the surveillance cameras and alarms maker, include Tyco International Ltd. and United Technologies Corp. It provides an overview of the mergers and acquisitions (M&A) activity in the security sector of the U.S.
ACCESSION #
44148598

 

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