GE to sell Converteam

https://www.reuters.com/article/us-ge-electicalengineering-exclusive/exclusive-ge-explores-divesting-electrical-engineering-business-sources-idUSKCN1GL2SX

https://dealbook.nytimes.com/2011/03/29/ge-to-buy-converteam-for-3-2-billion/

Lets see buy a company for $3.2 billion back in 2011 and now sell it for less. Amazing ..back to GE basics

GE has to be in some serious hurts for FY 2018 ...just cut the expected earnings for 2018 and stop playing the buy high sell low game on companies purchased. Total joke

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They destroyed the legacy Motors business and then screwed up what they had already with them. The amount of integrity issues found after GE bought them was astounding. These are the same types of unsavory and moronic leaders GE brought into their house with the Purchase of Alstom which in large measure will in the end be realized as one of the key undoings of the entire GE Power business.

So much for Paris based leadership and their lavish lifestyle and idiocy.

Buy high, sell low It's the GE playbook!

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GE to sell Converteam

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