Bloomberg: The agreement approaches linked technologies, to acquire GE Sicherheits-Geschäft - with updates
According Bloomberg reports on Tuesday, diversified conglomerate United Technologies Corp. (UTX) is nearing a deal to acquire the security business of diversified technology, media, and financial services company General Electric Co. (GE) for nearly $2 billion. The deal is expected to be announced before the weekend, the report stated. GE Security was put up for sale in July, and GE had hired JPMorgan Chase & Co (JPM) as its financial adviser, to find a buyer for the unit.
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