GE Lighting sales are now in progress

According to foreign media sources, about 50 companies expressed initial interest in GE Lighting's sale. In the second quarter, GE will meet with key and potential customers and plan to accept bids in the third quarter. GE said the plan will complete the transaction in the fourth quarter. According to foreign media sources, about 50 companies expressed initial interest in GE Lighting's sale. In the second quarter, GE will meet with key and potential customers and plan to accept bids in the third quarter. GE said the plan will complete the transaction in the fourth quarter. The remaining business will likely be packaged for sale: including GE Lighting, Current, and GE's acquisition of Daintree Networks, an emerging building automation company based in Melbourne. However, the sales table also clarifies the difference between GE Lighting and Current, so GE may also sell these businesses separately. GE hopes the price of the merger will be $1 billion, but there are also rumors that the price should be between $400 million and $600 million. Some say that the company may have valued $1 billion in the past few years, but not today. In addition, there have been reports in the media that Mulinsen and Foshan Lighting have been negotiating with banks for possible asset acquisitions, but Mulinsen has publicly denied that they are interested. Now, Mulinsen already owns 100% of LEDVANCE. Obviously, it is unlikely that one company will have both GE Lighting and LEDVANCE. It is worth mentioning that, given the Sino-US trade war, sources worry that the Trump administration does not allow a Chinese company to purchase GE lighting.

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