Member access

4-Traders Homepage  >  Shares  >  Nyse  >  General Electric Company    GE   US3696041033

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

GE To Buy Mining Supplier Industrie For Almost $700 Million

05/15/2012 | 08:25pm US/Eastern

General Electric Co. (>> General Electric Company) agreed to buy Australia-based mining-equipment maker Industrea Limited (>> Industrea Ltd.) for about A$700 million ($696.6 million), adding to its footprint in a fast-growing sector.

The industrial conglomerate also agreed to acquire privately held equipment maker Fairchild International, a U.S. mining supplier, for an undisclosed amount.

GE touted both acquisitions as a way to take advantage of growing mining in Australia, China and the U.S. The deals expand GE's breadth of product offerings to address about 35% of the underground mining value chain, the company said.

GE's shares were recently up 4 cents at $18.44 after hours. The stock has declined by about 7.5% over the past year.

-By Drew FitzGerald, Dow Jones Newswires; 212-416-2909;

Stocks mentioned in the article : General Electric Company, Industrea Ltd.
Recommend :
React to this article
4h ago GENERAL ELECTRIC : GE Reports 1Q'14 Operating EPS $0.33; Industrial Organic Reve..
6h ago GENERAL ELECTRIC : GE Reports 1Q'14 Operating EPS $0.33; Industrial Organic Reve..
7h ago GENERAL ELECTRIC : Innovation Acceleration, GE Selects Louisville for First Micr..
1d ago Earnings lift S&P 500, Nasdaq; S&P's best week since July
1d agoDJMARKET SNAPSHOT : S&P 500's Weekly Gain Is Best Since July 2013
1d agoDJPentagon Official Criticizes Pratt & Whitney Over F-35 Costs
1d ago Global shares edge higher on U.S. data; dollar gains
1d ago GENERAL ELECTRIC : Researchers Submit Patent Application, "Spline Seal with Cool..
1d agoDJMARKET SNAPSHOT : U.S. Stocks Set For Weekly Gains
1d ago GENERAL ELECTRIC : "Solid Seal with Cooling Pathways" in Patent Application Appr..
Duration : Period :
General Electric Company Technical Analysis Chart | GE | US3696041033 | 4-Traders
Income Statement Evolution
General Electric Company : Income Statement Evolution
More Financials
Dynamic quotes