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GE Shops Plastics Unit to Private Equity Firms

12:34 PM MDT | July 23, 2007 | Robert Westervelt

General Electric (GE) has approached a handful of private equity firms to seek bids on its $6.6-billion/year GE Plastics unit, industry sources say. Bidding for the unit is likely to be in the $10-billion range, analysts say. GE and GE Plastics declined...

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