CORRECT: GE To Buy Mining Supplier Industrea For Almost $700 Million

Date : 05/15/2012 @ 9:26PM
Source : Dow Jones News
Stock : General Electric Company (GE)
Quote : 28.99  -0.09 (-0.31%) @ 5:15PM

CORRECT: GE To Buy Mining Supplier Industrea For Almost $700 Million

Gen Electric (NYSE:GE)
Historical Stock Chart

5 Years : From Apr 2012 to Apr 2017

Click Here for more Gen Electric Charts.

("GE To Buy Mining Supplier Industrie For Almost $700M," at 8:09 p.m. EDT, misspelled Industrea's name in the headline. This is the correct version:)

General Electric Co. (GE) agreed to buy Australia-based mining-equipment maker Industrea Limited (IDL.AU) for about A$700 million ($696.6 million), adding to its footprint in a fast-growing sector.

The industrial conglomerate also agreed to acquire privately held equipment maker Fairchild International, a U.S. mining supplier, for an undisclosed amount.

GE touted both acquisitions as a way to take advantage of growing mining in Australia, China and the U.S. The deals expand GE's breadth of product offerings to address about 35% of the underground mining value chain, the company said.

GE's shares were recently up 4 cents at $18.44 after hours. The stock has declined by about 7.5% over the past year.

-By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com




Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.