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GE's Immelt Says He Doesn't Want A Big Acquisition In Near-Term

By Bob Sechler Of DOW JONES NEWSWIRES General Electric Co. (GE) Chief Executive Jeff Immelt all but swore off big acquisitions by the conglomerate this year, saying Friday that the company is concentrating on integrating previous large deals in the energy sector. "I just don't want to do a big deal," Immelt said, in response to an analyst's question during GE's post-earnings conference call. "We never say never, but I just don't want to do a big deal right now." Immelt previously has said he didn't expect any big acquisitions in 2012 after about $12 billion in deals last year. He reiterated Friday that "small, bolt-on acquisitions" are still a possibility for the company this year. "But we've got a lot on our plate" already, he added. GE shares were up about 2.3% in recent trading, at $19.59, after the Fairfield, Conn., conglomerate reported a 12% decline in first-quarter earnings that nonetheless beat Wall Street expectations on an operating basis, fueled by renewed profit growth at its big energy infrastructure division. -By Bob Sechler; Dow Jones Newswires; 512-258-1690; [email protected]

Stock News for Gen Electric (GE)
DateTimeHeadline
02/21/201716:00:00Lantheus Holdings & GE Healthcare Announce the Signing of a Term...
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02/15/201709:24:00GE Aviation’s Five-Year Investment in U.S. Operations Exceeds...
02/13/201717:19:10Notice for 40-app and 40-app/a (app Ntc)
02/13/201716:27:17Statement of Changes in Beneficial Ownership (4)
02/13/201716:26:16Statement of Changes in Beneficial Ownership (4)
02/13/201715:28:28Form 13f Holdings Report (13f-hr)
02/13/201709:16:18Amended Statement of Ownership (sc 13g/a)
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02/10/201717:14:35Applications Under the Investment Company Act Other Than Those...
02/10/201712:44:00GE Board of Directors Authorizes Quarterly Dividend
02/07/201716:18:37Statement of Changes in Beneficial Ownership (4)
02/06/201717:02:47Annual Statement of Changes in Beneficial Ownership (5)
02/06/201717:02:22Annual Statement of Changes in Beneficial Ownership (5)
02/02/201718:30:00Milestone Aviation Group Provides $230 Million Secured Debt Facility...
02/02/201716:12:13Statement of Changes in Beneficial Ownership (4)
02/02/201708:08:00BizWireTV’s Big Season Premiere Features a Sneak Peek at Some S...
02/01/201707:40:00GE Sells Stake in Hyundai Card Joint Venture
02/01/201702:42:00GE to Sell Shares in Hyundai Card Co. to Hyundai Commercial...

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