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General Electric Co (GE)

GE on New York Consolidated

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8 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Baker Hughes says GE to pay fee of $1.3 bln if deal is terminated - SEC Filing
Tuesday, 1 Nov 2016 08:01am EDT 

Baker Hughes Inc:Baker Hughes Inc - GE would be required to pay co antitrust termination fee of $1.3 billion if deal is terminated under certain circumstances - SEC Filing.  Full Article

GE nears roughly $30 bln deal to combine oil and gas business with Baker Hughes - WSJ, citing sources
Sunday, 30 Oct 2016 10:42pm EDT 

: General Electric is nearing a roughly $30 billion deal to combine its oil and gas business with Baker Hughes Inc - WSJ, citing sources .New entity would have publicly traded shares, be controlled by GE - WSJ, citing sources.  Full Article

GE deal to combine oil & gas biz w/ Baker Hughes to be announced tomorrow - CNBC, citing DJ
Sunday, 30 Oct 2016 10:25pm EDT 

: GE deal to combine oil & gas biz w/ Baker Hughes to be announced tomorrow - CNBC, citing DJ (Bengaluru Newsroom) ((+1 646 223 8780;)).  Full Article

General electric is in talks to buy baker hughes- CNBC, citing DJ
Thursday, 27 Oct 2016 06:41pm EDT 

: General Electric is in talks to buy Baker Hughes, which has market value of $23 billion - CNBC, citing DJ ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

GE enhances tender offer for Arcam AB
Thursday, 27 Oct 2016 02:00am EDT 

General Electric Co : Enhances tender offer for Arcam AB . Increased offer price for each Arcam share to 300 SEK . Also reduced minimum acceptance threshold to 75% . GE will not further increase price of offer .Arcam board of directors continues to unanimously recommend that Arcam's shareholders accept GE's offer.  Full Article

GE says to acquire a 75% stake in concept Laser GMBH of Germany
Thursday, 27 Oct 2016 01:45am EDT 

General Electric Co : GE reaches agreement to acquire a 75% stake in concept Laser GMBH of Germany .Says stake in concept Laser GMBH valued at $599 million (EUR549 million).  Full Article

GE 3rd-qtr revenue up 4 pct, narrows 2016 EPS forecast
Friday, 21 Oct 2016 06:43am EDT 

General Electric Co : Q3 total revenue $29.3 billion, up 4 percent . Narrowing 2016 EPS guidance; updating organic revenue outlook . Increasing buyback by $4 billion; returning about $30 billion of cash to shareholders . Q3 earnings per share view $0.30, revenue view $29.64 billion -- Thomson Reuters I/B/E/S . Sees 2016 operating EPS $1.48-$1.52 . FY016 earnings per share view $1.49 -- Thomson Reuters I/B/E/S . Sees organic revenue growth of 0-2 percent in 2016 . Q3 orders at $26.9 billion, up 16 percent .Q3 non-GAAP industrial operating margin 15.3 percent, down 20 bps.  Full Article

GE bid target Arcam posts Q3 loss, sees hesitant market
Friday, 21 Oct 2016 02:30am EDT 

Arcam : Q3 Order intake amounted to 9 (12) systems . Q3 Net sales amounted to 132.6 (138.1) MSEK . Q3 Operating income amounted to -4.8 (12.6) MSEK . Says market is currently slightly hesitant and as a result we see that it takes longer to close new orders . Says this is partly a result of uncertainty over company's future ownership structure .Says considering hesitant market and our extensive investments in technology and capacity, it will be a challenge to achieve a result in line with last year..  Full Article

Elliott Advisors says to reject GE offer for SLM Solutions
Friday, 21 Oct 2016 02:00am EDT 

Elliott Advisors UK Limited: Announces its intention to reject GE's tender offer for SLM Solutions . Which own over 20 pct of SLM Solutions, announced intends to reject GE Germany current tender offer for outstanding shares of SLM .Believes that GE's offer is not in best interests of SLM shareholders.  Full Article

GE invests in GAMA-TÜRKERLER JV to develop two healthcare PPPs in Turkey
Thursday, 20 Oct 2016 12:23pm EDT 

General Electric Co : GE invests in GAMA-TÜRKERLER JV to develop two major healthcare PPPs in Turkey; OPIC, EBRD and EDC to provide financing for transformational hospital project . GE - Commitment by OPIC, EBRD and EDC to serve as lenders for financing of $668 million for development of Izmir Bayrakli Health Campus Project . GE - Partners are also expected to confirm financing arrangements for Kocaeli health campus project by end of 2016 . GE - Joins GAMA Holding, Türkerler Insaat JV co as minority stakeholder in Izmir Bayrakli, Kocaeli healthcare PPP projects, valued at about $ 1.3 billion .GE - GE Healthcare awarded $128 million long-term contract for comprehensive technology and biomedical equipment maintenance services.  Full Article

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GE Power sees little sales impact if U.S. quits climate deals

(Story corrects to 1 billion tonnes from 1 million in sixth paragraph.)