GE (GE) Confirms It Will Review Strategic Options For Its Appliances Business
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GE (NYSE: GE) confirmed that it was reviewing strategic options for its Appliances business. The Company is currently considering three possibilities for the unit: a strategic partnership or joint venture; spin off; or the sale of the business.
GE Chairman and CEO Jeff Immelt said, "This review is consistent with the strategy we have been executing to transform our portfolio for long-term growth."
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