GE's proposed acquisition of Baker Hughes is cleared unconditionally by the European Commission.
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SEC filing about comments Immelt recently made at some conference saying the deal should close late June to early July. I'm just guessing it won't close before the BHI shareholder vote on June 30th.
Great news free money glad I am a share holder
And they FINALLY scheduled a shareholder vote. Wonder why that took sooooo long?
Old Crackerhead is rubbing himself with a chicken eating grin on that bald head!
Jeff Immelt, chairman and CEO of GE, said the company's deal with Baker Hughes remains on track.
"We expect the deal to close in mid-2017,"
"We are executing a $2 billion cost out program over 2017 and 2018 to deliver more value to our customers, shareowners, and employees."