FAIRFIELD, Conn.--23 November 2010-- General Electric Company (NYSE: GE) has been notified of an unsolicited "mini-tender" offer by TRC Capital Corporation to purchase up to 5 million shares, or approximately 0.05%, of the outstanding GE common stock at a price of $15.15 per share. TRC's offer price represents approximately a 4.5% discount to the $15.86 closing price of GE common stock on November 16, 2010, the day before the offer commenced.
AUSTIN, TX -- Nov. 23, 2010 -- GE Energy Financial Services, a unit of GE (NYSE: GE), announced today that it has served as lead arranger of a $150 million senior secured credit facility to enable a private oil and gas exploration company to develop oil and gas wells in east Texas.
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Al-Quds Facility Near Baghdad Plays a Key Role in Helping to Meet the Country's Growing Energy Needs
BAGHDAD, IRAQ---November 23, 2010---GE (NYSE: GE) has signed a contract with Iraq's Ministry of Electricity to supply an advanced fuel oil treatment technology, FuelSolv, to help enhance the reliability and productivity of the Al-Quds power plant on the outskirts of Baghdad.
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NORWALK, Conn.--23 November 2010-- GE Capital, Corporate Finance today announced it is agent for a $200 million asset-based credit facility to International Automotive Components Group North America, Inc. (IAC), a leading global automotive parts supplier. The loan will be used for working capital needs and to support growth and expansion efforts. GE Capital Markets served as sole lead arranger.
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Al-Quds Facility Near Baghdad Plays a Key Role in Helping to Meet the Country's Growing Energy Needs
BAGHDAD, IRAQ---November 23, 2010---GE (NYSE: GE) has signed a contract with Iraq's Ministry of Electricity to supply an advanced fuel oil treatment technology, FuelSolv, to help enhance the reliability and productivity of the Al-Quds power plant on the outskirts of Baghdad.
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Omotosho Phase 2 to Use Flexible GE Gas Turbine Technology to Alleviate Power Shortages
ABUJA, Nigeria--22 November 2010-- Expanding its energy infrastructure, Nigeria will add four GE (NYSE: GE) gas turbines for the Omotosho Phase 2 Power Plant, located in Ondo State, southwestern Nigeria. By increasing the country's supply of efficient, reliable energy, the project will assist Nigeria in delivering on the country's quest for reliable electric power, alleviating power shortages and reducing the number of blackouts.
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ADDIS ABABA, ETHIOPIA, November 22, 2010 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, announced today at the 42nd general assembly of the African Airlines Association (AFRAA) the opening of new offices in Accra, Ghana and Cape Town, South Africa to expand and strengthen relationships with its airline customers in Africa. The Accra office will serve airline customers in West and Central Africa. The Cape Town office will focus on customers in southeastern Africa. North Africa will continue to be covered by GECAS' Dubai office.