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Press Release

GE Agrees to Sell Appliances Business to Haier for $5.4B

January 15, 2016
  • Deal valued at 10x EBITDA (last 12 months), gain of approximately $0.20 per share at closing
  • Haier will continue use of the GE Appliances brand

FAIRFIELD, Conn - Jan. 15, 2016 - GE announced today it has signed a definitive agreement to sell its Appliances business to Qingdao Haier Co., Ltd. (“Haier”) for $5.4 billion.


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Press Release

GE Agrees to Sell Appliances Business

January 15, 2016

·         Deal valued at 10x EBITDA (last 12 months), gain of approximately $0.20 per share at closing

·         Haier will continue use of the GE Appliances brand


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Press Release

Commercial Distribution Finance Announces Financing Extension for North American Tractor Manufacturer, Branson Tractor

January 14, 2016

CHICAGO, Jan. 13, 2016 - Commercial Distribution Finance (CDF), a business of GE Capital announced today it has extended its inventory financing program with Branson Tractor, a tractor distribution company, through 2019. The extension of the current agreement will be used to continue to support wholesale floor plan financing of compact tractors, backhoes, loaders, and mid-mount mowers.


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Press Release

GE Moves Headquarters to Boston

January 13, 2016

FAIRFIELD, Conn. - GE today announced that it has selected Boston for its corporate headquarters location.

 


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Press Release

GE Healthcare, FedDev Ontario commit CAD $40M for new CCRM-led centre to solve cell therapy manufacturing challenges

January 13, 2016

New centre for advanced therapeutic cell technologies will accelerate development and accessibility of cell manufacturing technologies


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Press Release

GE and Accenture Announce Columbia Pipeline Group First to Deploy Break-Through "Intelligent Pipeline Solution"

January 06, 2016

First-of-its kind solution to enhance safety, efficiencies across 15,000 mile pipeline network


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Press Release

Canadian Solar Subsidiary Recurrent Energy Closes Financing for 75 Megawatt Astoria 2 Solar Power Project

January 05, 2016

GUELPH, Ontario, Canada, January 5, 2016 - Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ), one of the world’s largest solar power companies, today announced that its wholly owned subsidiary, Recurrent Energy, one of North America’s largest solar project developers, closed on a tax equity investment commitment with GE (NYSE: GE) unit GE Energy Financial Services for the 75 megawatt (MWac) Astoria 2 solar power project.


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Press Release

GE Capital Aviation Services Delivers Leased Airbus A320 to VivaColombia

December 23, 2015

SHANNON, Ireland - December 23, 2015 - GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, today announced delivery of a leased Airbus A320 to low-cost carrier VivaColombia.


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