Seeking Alpha

GE has sold a 7.6% stake in Thailand's Bank of Ayudhya to unnamed institutional buyers, and says...

GE has sold a 7.6% stake in Thailand's Bank of Ayudhya to unnamed institutional buyers, and says it's reviewing options for its remaining 25% stake. GE, which is looking to sell non-core GE Capital assets, reportedly raised $462M through the sale, which came at a price 5.4% lower than Ayudhya's Tuesday close in Bangkok. Ayudhya shares fell 7.5% on the news. (previous)
From other sites
Comments (1)
  • TwistTie
    , contributor
    Comments (2476) | Send Message
     
    What will GE do with the money?
    26 Sep 2012, 04:30 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs