Monday, May 21, 2007

GE to sell Plastics for $11.6 billion

(Reuters) - GE placed the Plastics unit, where profit last year slipped 22 percent to $674 million, on the block in January. GE Plastics last year generated $6.65 billion in revenue.




The price being paid by Riyadh-based SABIC was more than some investors had been expecting.


Read more at Reuters.com Mergers News

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