InvestorsHub Logo

eFinanceMarkets

05/26/18 1:03 PM

#5294 RE: monmon #5244

$GE General Electric (GE +0.1%) is said to have attracted "multiple bidders" for its iconic century-old lighting business that could fetch more than $1B, Fox's Charlie Gasparino tweets.

GE officially put its lighting unit, including the company's residential LED business and its traditional lighting products business, up for sale nearly a year ago; it was not planning to sell its advanced energy Current division, created in 2015.