General Electric Sees Shares Rise After Potential Apollo Bid on Jet-Leasing Segment
General Electric Company (GE), headquartered in Fairfield, Connecticut, is a worldwide infrastructure and financial services company. It combines outstanding engineering with software and analytics to help the world tackle its biggest challenges: energy, health, and transportation.
Apollo Global Management is reported to be in the market to secure debt to buy all or at least part of General Electric’s jet-leasing business. The private equity giant has already met with lenders to obtain $30 billion in financing in order to purchase the jet segment. The jet-leasing business is estimated to be worth $40 billion.
GE’s stock is up approximately 9 percent after the first three trading days of 2019 and back above $8 a share.
An original member of the Dow Jones Industrial Average in 1896, General Electric was removed in June due to its struggles and underperforming stock price.
To track GE’s ongoing progress please visit the Vista Partners GE Company Dedicated Page.
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