Why GE Is Selling Another Part of Its Business to a Private Equity Firm

Just a month after spinning off its transportation business, GE ge is nearing a deal to sell off a unit that makes industrial engines.

After missing earnings, restating past earnings, and falling out of the Dow, the long-beleaguered giant is in need of a cash injection. Enter Advent International, a private equity firm willing to buy the industrial engines unit for $3 billion or more, according to The Wall Street Journal. A deal could be announced as...

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