New progress in GE Lighting Sales

by:ALLTOP      2020-03-15
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. 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. In addition, there have been media reports that Jason and Foshan Lighting have been talking to banks about financing for possible asset acquisitions, but Jason has publicly denied that they are interested. At present, Jason already owns 100 of LEDVANCE. Obviously, it is unlikely that a company will own both GE Lighting and LEDVANCE. It is worth mentioning that in view of the Sino-US trade war, sources worry that the Trump administration will not allow a Chinese company to buy GE Lighting.
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