- The power division at General Electric is not the only one under pressure.
- ABB talking to three Asian suitors to offload its embattled power grids business, which may be valued at more than $11B, including debt.
- A deal, which could be structured as a joint venture, represents a u-turn for CEO Ulrich Spiesshofer, who decided to keep the business two years ago despite calls from some shareholders to sell.
- ABB +0.5% premarket