Under Pressure From Activists, GE Is Selling Another Business

Under pressure from activist investors to pep up its share price, General Electric ge is offloading its unloved Industrial Solutions business to European rival ABB abb for $2.6 billion.

Zurich-based ABB is betting on improving the division’s lackluster margins over the next five years. It said the deal includes an agreement for long-term use of GE’s brand and a strategic partnership. In 2016, the GE business...

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