Sabic to Acquire GE Plastics for $11.6 Billion

8:52 AM MDT | September 5, 2007 |

Robert Westervelt

Sabic has reached an agreement with General Electric (GE) to acquire GE Plastics for $11.6 billion. “This business is complementary to our existing business without any overlaps,” says Mohamed Al-Mady, Sabic vice chairman and CEO...

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