1. General Electric will sell its plastics arm, which supplies plastic resins to the automotive, electronics, packaging and construction sectors, generating annual sales of about $6.6bn to a leading Saudi Arabian firm for $11.6bn (£5.8bn) to boost GE's long-term growth prospects
2. It has offloaded a number of manufacturing units to focus on faster-growing areas.
3. More than 10,000 GE staff will transfer to the Saudi firm once the deal is completed.
4. GE will spend the proceeds of the deal on increasing the amount of shares it is currently buying back to up to $8bn, as well as funding further restructuring of the business.
It all depends on how long it will take the faster growing businesses to generate more profit than the offloaded businesses.
[Click here for full story at: BBCNEWS.COM]
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