GE Appliance Business for Sale?
Submitted by advisor on Thu, 09/01/2005 - 1:19am.
GE Chairman John Rice was quoted in the Financial Times as saying that some GE Industrial businesses may be best suited in the hands of others. GE Industrial includes lighting and appliances.
Translated from Fortune-500 speak into the king's English, this means: "please God, someone, somewhere, take'th this infernal stone from around'st me neck, I hath suffer'd and are spent, and will'th throw'st in our Jet Engine Division if only to be release'd from this curse'd business, as a more tedious and wretch'd pursuit the mind is not so twisted as to imagine, dare say'th I", and all of this screamed from some rooftop.
http://money.cnn.com/2005/09/14/news/fortune500/ge_restructuring/index.htm
If you or someone you love is interested in acquiring GE Appliance, send your proposal (and a self-addressed stamped envelope) to:
John Rice
General Electric Company
3135 Easton Turnpike
Fairfield, CT 06828
UPDATE Sept 29: Today Chairman John Rice has received a surprisingly good offer by email. The little that we know is that Mr. Rice received a complex financial offer from the Vice President of Nigeria for $19.7 million which is now on deposit at the Wema Bank PLC Lagos. Mr. Rice is hoping to close the deal before the Nigerians back out.
