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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| GE Aerospace | NYSE:GE | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 2.90 | 1.81% | 162.90 | 163.74 | 159.23 | 160.07 | 6,977,417 | 21:48:50 |
From May 2019 to May 2024
By Thomas Gryta and Dana Mattioli
General Electric Co. said it agreed to sell its Current lighting division to private-equity firm American Industrial Partners for an undisclosed amount, as the conglomerate continues to separate from a business that is central to its historical roots.
The Current business, which sells LED lighting for commercial use, had about $1 billion in sales in 2017.
General Electric is still trying to sell the rest of its consumer-lighting business, which includes lightbulbs, according to people familiar with the matter.
American Industrial Partners is a middle-market private-equity firm. The firm currently has investments in bulk freight shipping company Rand Logistics, Vertex Aerospace and Gerber Technology.
(More to come.)
Write to Thomas Gryta at thomas.gryta@wsj.com and Dana Mattioli at dana.mattioli@wsj.com
(END) Dow Jones Newswires
November 06, 2018 07:54 ET (12:54 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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