NEW YORK (TheStreet) -- General Electric Co. (GE) is said to have received offers from Apollo Global Management (APO) and Capital One Financial Corp. (COF) for its healthcare finance unit, which may bring in over $11 billion, Bloomberg reported.
Shares of GE are down by 0.31% to $26.95 at the start of trading on Friday morning.
Additionally, the conglomerate is going to help fund a $348 million Australian wind-farm, the third largest in the country, following the conclusion of a deadlock over state subsides that had halted the $13 billion industry for more than a year, Reuters reports.
Wind farms are the number two renewable energy source in Australia and provide a quarter of the country's clean energy and 4% of its total energy demand, Reuters added.
"With certainty comes investment," Geoff Culbert GE's president and CEO for Australia, New Zealand and Papua New Guinea, told Reuters.
Separately, TheStreet Ratings team rates GENERAL ELECTRIC CO as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate GENERAL ELECTRIC CO (GE) a HOLD. The primary factors that have impacted our rating are mixed-some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity."