4 Merger and Acquisitions Stock Stories to Catch Attention
General Electric Company (NYSE:GE): Current price $23.32
GE has divested of its remaining 49-percent common equity interest in its joint venture with Comcast, which includes NBCUniversal as well as the NBCU floors in 30 Rockefeller Center, at a price of $18.1 billion. Through the terms, GE will sell its equity stake in the NBCU joint venture to Comcast for $16.7 billion, but the former will receive $12 billion in cash, $4 billion in Comcast guaranteed debt, and $0.7 billion of preferred stock. The transaction should close before the end of the first quarter.