Reuters reports today that due to the credit crunch and continued housing slump General Electric Co. is having a hard time spinning off its consumer and industrial arm. The only part that is attracting interest right now is its appliances unit. The CFO told the news service that if the company received a “tremendous offer” for the appliances unit, it would consider saying yes.
Keith Sherin tells Reuters:
“If you look today with housing where it is and with questions about the economy where it is, it’s a challenging transaction. The world we’re seeing today is in a lot of turmoil. But once …
Credit Crisis Slows Spinoff of GE’s Industrial Arm
Reuters reports today that due to the credit crunch and continued housing slump General Electric Co. is having a hard time spinning off its consumer and industrial arm. The only part that is attracting interest right now is its appliances unit. The CFO told the news service that if the company received a “tremendous offer” for the appliances unit, it would consider saying yes.
Keith Sherin tells Reuters:
“If you look today with housing where it is and with questions about the economy where it is, it’s a challenging transaction. The world we’re seeing today is in a lot of turmoil. But once …
Share this article
- Filed In: Finance, Free, Mergers & Acquisitions, Subscriber Only, Top Distributor Sectors
About the Author
Recommended Reading
Leave a Reply
Log In
Read the latest articles and see your reports.
Popular Now
MDM Directories
Sign Up for the MDM Update Newsletter
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.
