|Bid||0.00 x 0|
|Ask||1,434.40 x 0|
|Day's Range||1,380.10 - 1,449.00|
|52 Week Range||931.35 - 1,620.00|
|PE Ratio (TTM)||75.95|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
General Electric agreed to sell its industrial-solutions business to Switzerland’s ABB., a sign that GE’s new chief is moving ahead with efforts to streamline the industrial giant.
The Swiss automation and power grid conglomerate will pay $2.6 billion for GE's low-margin operation and has promised cost savings.
ABB Ltd. agreed to buy the industrial solutions business of General Electric Co. in a deal valued at $2.6 billion that will strengthen the Swiss company’s business in the U.S., its largest market.