General Electric Finds Buyer for Consumer Lighting Unit
Thomas Edison's company is selling off the product the inventor is best known for.
General Electric (NYSE: GE) said Wednesday it has a deal in place to sell its consumer lighting business to Savant Systems, part of a broader restructuring of the industrial conglomerate. Financial terms of the deal were not disclosed, but Savant said it has secured a long-term licensing agreement for use of the GE brand.
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Source Fool.com