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GE — General Electric News Story

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Brief: GE Aerospace To Acquire Consolidated Precision Products (Cpp), Expanding Mission-Critical Castings Capacity

BRIEF-GE Aerospace To Acquire Consolidated Precision Products (Cpp), Expanding Mission-Critical Castings Capacity

- General Electric Company GE.N:

  • GE AEROSPACE TO ACQUIRE CONSOLIDATED PRECISION PRODUCTS (CPP), EXPANDING MISSION-CRITICAL CASTINGS CAPACITY

  • GE AEROSPACE - DEAL VALUED AT $11.75 BILLION, EXPECTED ACCRETIVE TO ADJUSTED EPS AND FREE CASH FLOW IN YEAR ONE

  • GE AEROSPACE - DEAL TO BE FINANCED WITH $7 BILLION CASH, REMAINDER IN NEW DEBT

  • GE AEROSPACE - ACQUISITION IS EXPECTED TO BE ACCRETIVE TO ADJUSTED EPS AND FREE CASH FLOW IN FIRST YEAR

Source text: ID:nGNXhRdvl

Further company coverage: GE.N


((Reuters.Briefs@thomsonreuters.com;))

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