50 companies are interested in GE Lighting, who will be the winner?

The remaining business will likely be packaged for sale: including GE Lighting, Current, and GE's acquisition of Melbourne-based emerging building automation company Daintree Networks. However, the sales table also clarifies the difference between GE Lighting and Current, so GE may also sell these businesses separately. According to sources quoted by foreign media, about 50 companies expressed initial interest in the rest of GE Lighting Sales. In the second quarter, GE will hold talks with key and potential customers, and plans to accept bids in the third quarter. GE said the plan will complete the transaction in the fourth quarter. The remaining business will likely be packaged for sale: including GE Lighting, Current, and GE's acquisition of Melbourne-based emerging building automation company Daintree Networks. However, the sales table also clarifies the difference between GE Lighting and Current, so GE may also sell these businesses separately. GE hopes that the price of this merger transaction will be 1 billion US dollars, but there are also rumors that the price should be between 0. 4 billion and 0. 6 billion US dollars. Some people say that the company may be worth $1 billion in the past few years, but it is not today. As a pioneer in the lighting industry, GE has frequently sold its business in recent years, including the lighting business. On August 2016, GE Lighting announced the closure of two lamp factories in Lexington and Somerset, USA. It is reported that the main business of these two factories is traditional lighting products. Less than a month later, GE spokesman AliciaGauer. It was revealed that if the union agreed, GE Lighting's bulb factory in bridgetville would be closed. This is the third lighting factory that GE announced to close in 2016. This traditional lighting factory was built in 1948. On August 31, 2016, BillLacey, CEO of GE Lighting, said in an email to employees that since November 30, GE Lighting has terminated all direct commercial activities in Asia and Latin America, thus making GE Lighting highly focused, win and consolidate its market position in North America, Europe and the Middle East, and continue to expand its scale and improve its profitability. At that time, the news aroused the indignation of GE Lighting dealers. On September 28, 2016, GE Lighting dealers jointly issued the 'response of GE dealer representatives to GE's statement', which showed that through friendly negotiations between the two parties, GE finally promised to continue to execute the orders of the customers who have won the bid and signed contracts, GE is finally willing to solve the inventory problem and will propose a solution acceptable to the distributor. GE also guarantees to assume full responsibility for the post-contract obligations of GE product quality, and will make a smooth and peaceful transition in the future. On November 23, 2016, according to media reports, GE Lighting laid off a large number of employees in China, and some of the laid-off workers were dissatisfied because they failed to receive reasonable compensation. In response to this incident, GE Lighting subsequently issued a 'GE China statement' on its official website, saying that it had reached an agreement with most employees and signed a compensation plan agreement. In late February 2017, affected by the transformation of GE's business, Chen Xiangli, one of the Top R & D leaders and scientific pioneers in GE China, resigned in a low profile. In early April 2017, GE had hired investment banks to help it assess the possibility of selling consumer lighting business at a price of about US $0. 5 billion. On June 2017, GE Lighting CEO pointed out in an internal email that GE officially began to discuss with potential buyers to sell GE lighting business. GE is considering selling this business including North American residential LED lighting and home networking technology, however, a commercial LED lighting business called Current will also be retained. This news officially implemented the rumors that GE will sell the lighting business. In November 13, 2017, when presenting GE's blueprint for the future, GE's new CEO, Flannery, said that GE would focus its business on three major areas: aviation, energy and health care, but there is no mention of the lighting business. On February 6, 2018, GE revealed in its fourth quarter of 2017 earnings report that it planned to sell its lighting business. Foreign media said that potential buyers may include several major lighting factories from China, Europe and the United States.