General Electric Company entered into a senior unsecured back-up revolving syndicated credit facility extended by 32 banks at an initial aggregate principal commitment amount of $15 billion (the “Senior Unsecured Credit Facility”). According to...
Read Story
April 21, 2020, 09:00 AM
|
Private equity investment firm Veritas Capital and General Electric Co. announced an affiliate of Veritas has entered into a definitive agreement with GE to acquire the Enterprise Financial Management (Revenue-Cycle, Centricity Business), Ambulatory...
Read Story
April 03, 2018, 08:01 AM
|
Blackstone announced that Stephen R. Bolze, former President & CEO of General Electric’s $28 billion Power business, will join Blackstone as a Senior Managing Director and Head of Portfolio Operations and Asset Management for Blackstone’s newly...
Read Story
August 04, 2017, 07:28 AM
|
GE announced Richard A. Laxer, GE Capital International president and CEO, will lead GE Capital effective September 1, 2016 as president and CEO. Keith S. Sherin, GE vice chairman and GE Capital chairman and CEO, will retire from GE effective...
Read Story
August 31, 2016, 07:41 AM
|
Trian Fund Management, L.P. disclosed that it has become a top ten shareholder of GE with a beneficial ownership of 98.5 million GE shares currently valued at approximately $2.5 billion. GE is now Trian’s largest investment.Trian Principals Nelson...
Read Story
October 05, 2015, 07:57 AM
|
Bloomberg reported General Electric has put virtually all of its U.S. commercial loan businesses on the market after hiring banks to unload $20 billion of assets in its healthcare, railcar and franchise finance divisions, according to people with...
Read Story
June 04, 2015, 08:04 AM
|
The Wall Street Journal reports that General Electric Co. is considering making deeper cuts to GE Capital, having decided the returns from lending are no longer worth the ire it provokes among investors, people familiar with the matter said.According...
Read Story
March 12, 2015, 07:53 AM
|
GE announced today third-quarter 2013 operating earnings of $3.7 billion, or $0.36 per share, down 3% and flat respectively from the third quarter of 2012. Excluding restructuring and other charges, operating EPS was $0.40. GAAP earnings from...
Read Story
October 18, 2013, 07:16 AM
|