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GE nears deal in plastics auction: nearly $11 billion sale to Saudi company Sabic would create global giant
- Source :
- Wall Street Journal. Europe. May 18, 2007, A3
- Publication Year :
- 2007
-
Abstract
- General Electric Co. is close to reaching a deal to sell its plastics unit to Saudi Basic Industries Corp., a deal valued at $11 bil. Sales for the plastics unit reached $6.6 bil last year; Sabic revenue for 2006 reached $23.06 bil.
- Subjects :
- General Electric Co. -- Planning
General Electric Co. -- Mergers, acquisitions and divestments
Saudi Basic Industries Corp. -- Planning
Saudi Basic Industries Corp. -- Mergers, acquisitions and divestments
Saudi Basic Industries Corp. -- Company sales and earnings
Petroleum chemicals industry -- Planning
Petroleum chemicals industry -- Mergers, acquisitions and divestments
Petroleum chemicals industry -- Company sales and earnings
Plastics industry -- Planning
Plastics industry -- Mergers, acquisitions and divestments
Plastics industry -- Company sales and earnings
Company business planning
Company acquisition/merger
Company earnings/profit
Banking, finance and accounting industries
Business
Business, international
Subjects
Details
- Language :
- English
- ISSN :
- 09219986
- Database :
- Gale General OneFile
- Journal :
- Wall Street Journal. Europe
- Publication Type :
- News
- Accession number :
- edsgcl.163523617