FAIRFIELD, Conn.--(BUSINESS WIRE)--July 11, 2006--GE announced today two transactions that accelerate the Company's repositioning of its Industrial business to unlock additional value for investors.
In the first announcement, GE Consumer & Industrial and Rexel, the world's largest electrical supplies distributor, announced a $725 million agreement for Rexel to acquire GE Supply, GE's electrical distribution business. The transaction was signed today and is expected to close in the third quarter of 2006.
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