General Electric Sells Its Underperforming Industrial Solutions Unit to ABB Ltd.
In this MarketFoolery podcast segment, host Chris Hill, Million Dollar Portfolio's Jason Moser, and Stock Advisor Canada's Taylor Muckerman consider what the $2.6 billion sale of GE's (NYSE: GE) electrification business to Swiss major ABB (NYSE: ABB) says about the longer-range plans of John Flannery, who only took the reins of the company at the beginning of August. The move will provide a chunk of capital he can deploy on further reorganizations -- but what might those entail?
A full transcript follows the video.
Source: Fool.com