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Friday, 02/15/2013 2:53:14 PM

Friday, February 15, 2013 2:53:14 PM

Post# of 29220
CPST's Longs favorite rumor:

GE may be looking for more industrial acquisitions:

GE Looks Poised To Further Increase Its Dividend And Make Industrial Acquisitions
February 14, 2013


Outside GE's dividend and share buybacks, the company has been looking for strategic industrial acquisitions. GE's Chief Financial Officer, Keith Sherin, stated, "We obviously have the flexibility to do more M&A, or maybe even more buybacks, depending upon the opportunities we see out there." The last M&A activity by the company was its $4.3 billion purchase of Italian manufacturer Avio SpA's aerospace parts business. Other recent acquisitions include Fairchild International and Industrea, which are both mining equipment companies. Sherin also indicated GE would likely avoid larger acquisitions and instead seek out smaller bolt-on deals for its already substantial industrial segment.

http://seekingalpha.com/article/1185111-ge-looks-poised-to-further-increase-its-dividend-and-make-industrial-acquisitions?source=email_rt_mc_focus_0

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