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General Electric faces long road to pruning assets


By Greg Roumeliotis(Reuters) - General Electric Co CEO John Flannery faces a tight two-year race to shed more than $20 billion in assets through dozens of deals and pare down the U.S. industrial conglomerate into three core businesses: power, aviation and healthcare.GE's assets could collectively be worth up to $30 per share, brokerages such as Melius Research LLC have suggested, even as its shares now hover around $19 after losing 40 percent of their value year-to-date. Successfully completing these divestitures would help narrow the valuation gap. Shedding GE's unloved assets, however, ...

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First Published: Tue, November 14 2017. 05:40 IST