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; Andrew.FitzGerald@dowjones.com

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
02:20p GENERAL ELECTRIC : Catherine Estrampes appointed President & CEO of GE Healthcar..
07/24 Manganese - Critical Metal for Battery and Electric Vehicle Markets
07/24 NEOGENOMICS, INC. (NASDAQ : NEO) Files An 8-K Departure of Directors or Certain ..
07/24 GENERAL ELECTRIC COMPANY : Today's Research Reports on Stocks to Watch: General ..
07/24 GENERAL ELECTRIC : GE Partners Lagos Ministry of Wealth Creation and Employment,..
07/24 MARKETS LIKELY TO OPEN FLAT : ICICIdirect
07/23 GENERAL ELECTRIC : Schenectady County Airport marks Lindbergh visit in 1927
07/23 GENERAL ELECTRIC : GE strives to increase number of women in its technology rank..
07/23 GENERAL ELECTRIC : Women made impact on GE
07/23 WOMEN'S WORK : GE strives to increase number of women in its technology ranks
More news
News from SeekingAlpha
09:51a Noble Corp - Invest Ahead Of The Q2 Report - Here's How
07/24 General Electric Yields 3.76% At Its 52-Week Low
07/24 General Electric Is In A Big Mess
07/24 GE's 2017 guidance was painful but necessary, analyst says
07/24 Is A Breakup Of General Electric Imminent?
Financials ($)
Sales 2017 125 108 M
EBIT 2017 16 564 M
Net income 2017 12 173 M
Debt 2017 73 584 M
Yield 2017 3,79%
P/E ratio 2017 18,60
P/E ratio 2018 15,43
EV / Sales 2017 2,35x
EV / Sales 2018 2,09x
Capitalization 220 833 M
Chart GENERAL ELECTRIC COMPANY
Duration : Period :
General Electric Company Technical Analysis Chart | GE | US3696041033 | 4-Traders
Technical analysis trends GENERAL ELECTRIC COMPANY
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 29,8 $
Spread / Average Target 17%
EPS Revisions
Managers
NameTitle
Jeffrey R. Immelt Chairman & Chief Executive Officer
Daniel Janki Treasurer & Senior VP-Global Operations
Jeffrey S. Bornstein Vice Chairman & Chief Financial Officer
Jim Fowler Chief Information Officer
Victor Abate Chief Technology Officer & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
GENERAL ELECTRIC COMPANY-19.53%220 833
3M18.25%125 420
SIEMENS-0.39%115 268
HONEYWELL INTERNATIONAL17.70%104 738
DUPONT14.92%73 134
ILLINOIS TOOL WORKS INC.15.94%49 047