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
07/29/201421:35:34General Electric's Finance Arm Bulks Up in Canada--Plots & Ploys
07/28/201413:38:14Alstom to Supply EUR335 Million Worth of Machinery to Iberdrola...
07/23/201404:57:46Alstom Orders Double but Sales Fall
07/18/201419:02:56MARKET SNAPSHOT: U.S. Stocks Rally, Post Weekly Gains
07/18/201419:00:16MARKET SNAPSHOT: U.S. Stocks Rise; Tech Sector Leads Gains
07/18/201418:59:09GE Seeks to Raise $3.1 Billion in Synchrony Financial IPO...
07/18/201418:52:27MARKET SNAPSHOT: U.S. Stocks Open Higher; Google Rallies
07/18/201418:51:23GE Seeks to Raise $3.1 Billion in Synchrony Financial IPO...
07/18/201418:49:34U.S. Hot Stocks: Hot Stocks to Watch
07/18/201418:46:55MARKET SNAPSHOT: U.S. Stocks: Futures Inch Up; Earnings In Focus
07/18/201418:46:23GE Seeks to Raise $3.1 Billion in Synchrony Financial IPO...
07/18/201417:20:14MARKET SNAPSHOT: U.S. Stocks: Futures Flat As Malaysia Jet Crash...
07/18/201410:20:51MARKET SNAPSHOT: U.S. Stocks: Futures Mixed As Malaysia Jet Crash...
07/17/201405:12:41Engine Alliance to Explore Upgrade Options for Airbus A380 Engine
07/17/201401:54:19General Electric Looking to Divest Appliances Business -Bloomberg
07/14/201414:48:22AerCap Buys Further 50 Airbus A320neo Jets
07/14/201407:47:51GE Expects $30 Billion In Air Show Orders
07/14/201406:23:54GE Expects $30 Billion In Air Show Orders -Executive
07/14/201402:53:52EasyJet Selects CFM International as Engine Supplier
07/13/201406:18:25MARKET SNAPSHOT: Tech, Bank Earnings To Test Economic Recovery

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