GE Explores Strategic Options for Consumer & Industrial with Spin-Off
General Electric is continuing to explore all options for its Consumer & Industrial businesses with a primary focus on spinning-off the entire unit -- Appliances, Lighting and Industrial -- to existing GE shareholders. The company announced on May 16 that a spin-off was one possible outcome of the strategic review of its Appliances division.
"As we explored our options for Appliances, it became clear that the fastest, most efficient step we could take in completing the transformation of our Industrial portfolio would be to focus on a possible spin-off of the entire unit," GE chairman and CEO Jeff Immelt says. "This is consistent with the strategy we have been executing to transform the GE portfolio for long-term growth and makes sense for GE shareholders."
Immelt also says that while GE continues to consider all opportunities for Consumer & Industrial, focusing on a spin-off makes most sense for the company. They have integrated processes, distribution and backroom operations.
"As we explored our options for Appliances, it became clear that the fastest, most efficient step we could take in completing the transformation of our Industrial portfolio would be to focus on a possible spin-off of the entire unit," GE chairman and CEO Jeff Immelt says. "This is consistent with the strategy we have been executing to transform the GE portfolio for long-term growth and makes sense for GE shareholders."
Immelt also says that while GE continues to consider all opportunities for Consumer & Industrial, focusing on a spin-off makes most sense for the company. They have integrated processes, distribution and backroom operations.