Tue, Jun. 9, 8:55 PM
- GE's $12B deal to sell its U.S. private-equity lending business to Canada Pension Plan Investment Board is just the beginning of its plan to shed ~$200B of GE Capital assets - and a whole lot of cash to spend on takeovers.
- Although GE may not make a move right away as it tries to complete the $14B purchase of most of Alstom’s energy business, Bloomberg figures it could amass a $40B war chest for takeovers.
- Among speculated targets: Pentair (NYSE:PNR), a provider of water pumps and filtration systems; Flowserve (NYSE:FLS), a maker of industrial pumps and valves; electrical components manufacturer Hubbell (HUB.A, HUB.B); life sciences equipment maker Bio-Rad Laboratories (NYSE:BIO); and some of the assets Halliburton (NYSE:HAL) and Baker Hughes (NYSE:BHI) will divest as part of their merger.
- Whatever the target, acquisitions likely will be part of GE’s transformation after asset sales and returning capital to shareholders.
Mar. 28, 2012, 6:15 AM
PNR vs. ETF Alternatives
Pentair PLC is a diversified industrial manufacturing company. The Company delivers industry products, services and solutions to its customers' diverse needs in water and other fluids, thermal management and equipment protection.
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