NEW YORK (TheStreet) -- General Electric(GE Quote) is shopping its security business, which makes everything from fire alarms to surveillance cameras for homes and businesses, according to a report Wednesday by Bloomberg, citing three people with knowledge of the matter.
GE hired JPMorgan Chase (JPM Quote) to advise it on the sale, which could fetch $2 billion, the report stated. Potential buyers for the business could include Tyco International (TYC Quote) and United Technologies (UTX Quote), according to the report. The news appeared to have no immediate effect on shares of GE, which closed down 1.33% to $14.11. -- Written by Dan Freed in New York.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
Connect with TheStreet
 |
 |
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,405.83 | 1,102.35 | 2,190.86 | 34.82 |
Oil *
72.01
|
|
UP
68.78
|
UP
6.41
|
UP
7.13
|
UP
0.59
|
10 Yr
3.48%
SPDR Gold
110.82
|
|
+0.67%
|
+0.58%
|
+0.33%
|
+1.72%
|
Data delayed 20 minutes |
