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) --

General Electric

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is shopping its security business, which makes everything from fire alarms to surveillance cameras for homes and businesses, according to a report Wednesday by


, citing three people with knowledge of the matter.

GE hired

JPMorgan Chase

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to advise it on the sale, which could fetch $2 billion, the report stated.

Potential buyers for the business could include

Tyco International



United Technologies

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, 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