Re: GE aerospace

From: (Derek H Cedillo)
Organization: Massachusetts Institute of Technology
Date:         01 Dec 92 23:15:22 PST
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In article <airliners.1992.51@ohare.Chicago.COM> (David Benedict Ducharme) writes:
>I was in an argument the other day that I hope that can be cleared up here
>was GE aerospace sold straightout, or was it merged with MM.
>sold straightout meaning that they no longer have any say in those dealing

According to UPI reports on the dealing the whole deal is worth $3.05 Billion
In the deal GE Gets $1 billion in convertible preffered stock.
I hate to see GE lose a part of itself, but it was a wise move.

Does anyone know what is to become of the Ft. Worth, IN plant?
I didnt see it listed in the buisness locations to be
taken over by MM.
Is there going to be some work done by GE somewhat autonomously
still in the biz?