Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  General Electric Company    GE

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

GE To Buy Mining Supplier Industrie For Almost $700 Million

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/16/2012 | 02:25am CEST

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; [email protected]

Stocks mentioned in the article : General Electric Company, Industrea Ltd.
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GENERAL ELECTRIC COMPANY
05/28 GENERAL ELECTRIC : PM, General Electric CEO discuss joint cooperation
05/28 GENERAL ELECTRIC : Is GE Still Guided by Global Best Practices?
05/26 GENERAL ELECTRIC : Presolicitation Notice - GE MR-750 Discovery MRI scanner and ..
05/25 GENERAL ELECTRIC : An Application for the Trademark "MIX DIRECTOR" Has Been File..
05/25 GENERAL ELECTRIC : Trademark Application for "MIX CORE" Filed by General Electri..
05/25 GENERAL ELECTRIC COMPANY : 's Trademark Application for "MYPLANT" Filed
05/25 GENERAL ELECTRIC : NPA's seizure of 156m euros equipment stalls 245MW power plan..
05/25 GENERAL ELECTRIC : MILITARY $8.58 Million Federal Contract Awarded to General El..
05/25 Alok Maskara Named as Next Chief Executive Officer of Luxfer Group
05/25 GENERAL ELECTRIC : GE East Africa Digital Roadshow
More news
Sector news : Industrial Conglomerates
05/26 BA and Iberia plan third-party booking surcharge, Amadeus shares hit
05/25 EXCLUSIVE : Bankrupt Westinghouse ends pensions for ex-CEOs, executives
05/24 E I DU PONT DE NEMOURS AND : Loeb sees $20 billion more value from Dow-DuPont me..
05/24 DANIEL LOEB : Loeb sees $20 billion more value from Dow-DuPont merger
05/24DJDOW CHEMICAL : Dan Loeb to Call for Changes to Dow-DuPont Post-Merger Plan--Upda..
More sector news : Industrial Conglomerates
News from SeekingAlpha
05/27 GE Vs. 3M - A Different Take On Dividend Growth
05/26 HONEYWELL : Activists Flooding Industrials
05/26 GE : Don't Scoop Up Shares Just Yet
05/26 GENERAL ELECTRIC : CEO Jeff Immelt Just Tapped Out
05/25 THE GOOD BUSINESS PORTFOLIO : 2017 1st Quarter Earnings And Performance Review
Advertisement
Financials ($)
Sales 2017 125 725 M
EBIT 2017 18 164 M
Net income 2017 12 802 M
Debt 2017 35 615 M
Yield 2017 3,52%
P/E ratio 2017 18,89
P/E ratio 2018 15,76
EV / Sales 2017 2,18x
EV / Sales 2018 2,09x
Capitalization 238 375 M
More Financials
Chart GENERAL ELECTRIC COMPANY
Duration : Period :
General Electric Company Technical Analysis Chart | GE | US3696041033 | 4-Traders
Full-screen chart
Technical analysis trends GENERAL ELECTRIC ...
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 32,1 $
Spread / Average Target 17%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Jeffrey R. Immelt Chairman & Chief Executive Officer
Shane Fitzsimons Senior Vice President-Global Operations
Jeffrey S. Bornstein Chief Financial Officer & Senior Vice President
Jim Fowler Chief Information Officer
Victor Abate Chief Technology Officer & Senior Vice President
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
GENERAL ELECTRIC COMPA..-13.13%238 375
3M CO12.38%119 848
SIEMENS AG7.92%119 753
HONEYWELL INTERNATIONA..15.02%101 582
E I DU PONT DE NEMOURS..6.06%67 498
ILLINOIS TOOL WORKS IN..14.63%48 491
More Results