- General Electric is on acquisition spree with a focus on industrial business.
- Focus on industrial business make business-sense considering their competitive strength in the field.
- The market remains concerned over the end result of the ongoing Group restructuring.
General Electric’s (NYSE:GE) history can be traced back to when Thomas Edison consolidated his businesses to form Edison General Electric Co. in 1889 and subsequently incorporated it as General Electric Co. 3 years later. Over time, it has become a conglomerate giant with exposure in various industries spanning from aviation, chemical, food & beverage, healthcare, industrials, and even finance.
Its definitely back to basics for GE. The latest acquisition has confirm…
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