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GE reportedly may sell power-conversion unit for half what it paid for it in 2011

Michael Sheetz

General Electric is working with Credit Suisse bankers in preparation for a $1.5 billion sale of its power-conversion unit, Bloomberg reported Friday. Companies such as Caterpillar, Schneider Electric and ABB are likely targets for GE to court for the deal, people familiar with the preparations told Bloomberg. General Electric is working with Credit Suisse bankers in preparation for a $1.5 billion sale of its power-conversion unit, Bloomberg News reported Friday.