Shares of General Electric (GE) fell 0.8% in Friday's general dismal trading session, which was dominated by the fiscal cliff discussions which were put on hold. The diversified industrial conglomerate announced that it has agreed to purchase the aviation business of Avio S.p.A.
The Deal
General Electric announced that it has agreed to acquire the aviation business of Italian-based Avio S.p.A. The company will pay roughly $4.3 billion dollars for the manufacturer of aviation propulsion components and systems for civil and military aircraft.
No comments:
Post a Comment