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CORRECT: GE To Buy Mining Supplier Industrea For Almost $700 Million

("GE To Buy Mining Supplier Industrie For Almost $700M," at 8:09 p.m. EDT, misspelled Industrea's name in the headline. This is the correct version:) DOW JONES NEWSWIRES General Electric Co. (GE) agreed to buy Australia-based mining-equipment maker Industrea Limited (IDL.AU) for about A$700 million ($696.6 million), adding to its footprint in a fast-growing sector. The industrial conglomerate also agreed to acquire privately held equipment maker Fairchild International, a U.S. mining supplier, for an undisclosed amount. GE touted both acquisitions as a way to take advantage of growing mining in Australia, China and the U.S. The deals expand GE's breadth of product offerings to address about 35% of the underground mining value chain, the company said. GE's shares were recently up 4 cents at $18.44 after hours. The stock has declined by about 7.5% over the past year. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Gen Electric (GE)
DateTimeHeadline
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