ADVFN - Advanced Financial Network.
HOME» NYSE » G » GE Stock Price » GE Stock News

Gen Electric Share News

 General Electric Stock Price
GE Stock Price
 General Electric Stock Chart
GE Stock Chart
 General Electric Stock News
GE Stock News
 General Electric Company Information
GE Company Information
 General Electric Stock Trades
GE Stock Trades

GE Eyes Buys In German Mittelstand;Hopes for 1 Deal by End-'12 -Report

General Electric Co. (GE) plans acquisitions among midsize, nonlisted companies in Germany and hopes to accomplish one takeover by the end of the year, the company's head of strategy and mergers and acquisitions in Germany, Christoph Reimnitz, tells daily newspaper Sueddeutsche Zeitung in an interview published Saturday. German midsize companies are known as "Mittelstand." Mr. Reimnitz said the group is looking for technology leaders in the business areas GE operates in, but not to buy competitors to gain market share. GE, which employs 7,000 staff at 70 locations in Germany, in general invests $5 billion to $6 billion in acquisitions world-wide, or more if M&A teams have a good idea, he said. Mr Reimnitz said he wasn't able to say how much of that amount would be available for acquisitions in Germany. Germany is currently in focus of GE, Mr Reimnitz said, echoing comments by the CEO Germany of GE's financing arm, GE Capital to Dow Jones Newswires Friday. German companies are currently fair-valued, if the economy weakens further in the autumn, valuations could drop, he said. GE is interested in family-owned companies, but cautious regarding offerings by financial investors, as GE probably looked at the companies a couple years ago and decided against buying them, he said. GE last made an acquisition in Germany two years ago, when its financing arm bought the German unit of Royal Bank of Scotland, according to the newspaper Newspaper website: www.sueddeutsche.de -Write to the Frankfurt Bureau at djnews.frankfurt@dowjones.com

Stock News for Gen Electric (GE)
DateTimeHeadline
10/28/201421:50:11Colgate Buys Myanmar Toothpaste Brand
10/28/201418:39:29Jefferies Expected to Book up to $15 Million Loss on Toms Shoes...
10/26/201417:03:17Germany Bets on 'Smart Factories' to Keep Its Manufacturing Edge
10/23/201401:30:42Safran Revenue Rises on Sustained Demand for Jet Engines
10/17/201416:49:42MARKET SNAPSHOT: U.S. Stocks Rally; Dow Snaps 6-day Losing Streak
10/17/201413:01:10MARKET SNAPSHOT: U.S. Stocks Rally; Dow Enjoys Triple-digit Revival
10/17/201410:07:14MARKET SNAPSHOT: U.S. Stocks Rally; GE Rises On Earnings Beat
10/17/201409:38:35U.S. Hot Stocks: Hot Stocks to Watch
10/17/201409:14:03MARKET SNAPSHOT: U.S. Stocks: Futures Rally; Housing Starts Rise
10/17/201407:45:26MARKET SNAPSHOT: U.S. Stocks: Futures Rally Ahead Of Yellen...
10/17/201407:42:00Correction to GE Earnings Story
10/16/201414:48:08GE Exposed to Global Growth Slowdown, Oil's Plunge -- Earnings...
10/16/201412:40:50Former GE Healthcare CEO Joins Clayton Dubilier
10/16/201410:32:36Polish Regulator Wants Market Newcomer to Buy GE's Local Bank
10/13/201417:26:51ADR Shares End Mixed; Luxottica Shares Trade Actively
10/12/201405:53:30MARKET SNAPSHOT: Earnings Under Pressure From Stronger U.S. Dollar
09/22/201407:30:21Airbus To Begin Flight Trials of New A320neo Engine Options
09/22/201404:50:13Siemens to Sell Stake in Appliance Joint Venture to Bosch
09/21/201421:30:43Siemens to Buy Dresser-Rand for $7.6 Billion
09/19/201417:27:22GE Has Held Acquisition Talks With Dresser-Rand -FT

Gen Electric and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad